Sunday, 19 September 2021 08:16 GMT

OECD yearly inflation rebounds to 4.1 pct during June

(MENAFN) Consumer prices inflation in the Organization for Economic annually during June, the body stated on Wednesday, Aug. 2. The figure during May stood at 3.9 percent.

Following three successive months of steep rises, energy prices in the OECD area kept increasing at 17.4 percent during June, whereas food price inflation jumped to 1.8 percent, in comparison with 1.4 percent in the previous month.

The OECD yearly inflation ruling out food and energy also increased considerably to 3.2 percent in June, compared to 2.9 percent during May, the highest since March 2002.

The OECD is an intergovernmental economic organization with 38 member nations. It was established in 1961 to encourage economic progress and international trade.

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