Energy Costs Push OECD Inflation Up to 4.5%
Energy Costs Push OECD Inflation Up to 4.5%
Annual inflation across OECD economies rose to 4.5% in September from 4.3% in August, driven mainly by energy. Energy inflation reached 17.4%, while food inflation eased and underlying inflation remained broadly stable at 3.7%.
Annual inflation across OECD economies rose to 4.5% in September from 4.3% in August, driven mainly by energy. Energy inflation reached 17.4%, while food inflation eased and underlying inflation remained broadly stable at 3.7%.
Prices remain far above their pre-pandemic level: food costs are almost 50% higher than in December 2019 and energy prices are close to 70% higher. The data underline why central banks remain cautious even where domestic demand is cooling.
E.Hilali--al-Hayat
