In January, inflation in the OECD peaked at a nearly 31-year high

By: Trademagazin editor Date: 2022. 03. 07. 11:10

In the countries belonging to the Organization for Economic Co-operation and Development (OECD), the annual increase in consumer prices was 7.2 percent in January after 6.6 percent in December.

Inflation Rises to OECD Decade in Three Decades

The January figure is the highest since nearly 31 years, since February 1991, due in part to a 48.7 percent rise in consumer prices in Turkey. Excluding Turkey, OECD inflation was 5.8 percent in January after 5.5 percent in December.

Rising energy prices in OECD countries accelerated to 26.2 percent from 25.7 percent in December and food prices from 6.7 percent to 7.5 percent. (MTI)