OECD annual inflation edges up to 2.1% in May 2014

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01/07/2014 - Consumer prices in the OECD area increased by 2.1% in the year to May 2014, compared with 2.0% in the year to April 2014. This slight increase in the annual rate of inflation was mainly driven by energy and food prices which increased by, respectively, 3.4% and 2.2% in May, compared to 2.7% and 2.0% in April. These increases mask diverging patterns across countries: lower energy and food prices in the EU OECD countries and higher in non-EU OECD countries. Excluding food and energy, the OECD annual inflation rate declined slightly from 2.0% in April to 1.9% in May.

Consumer prices, selected areas
May 2014 percentage change on the same month of the previous year

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Underlying data:  

OECD, annual inflation

 

 G20, annual inflation

Source: Consumer price indices, OECD

 

 

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Next publication date: 29 July 2014 - See all release dates

 
 

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For further information, journalists are invited to contact the OECD's Media Relations Division on (33) 1 45 24 97 00 or news.contact@oecd.org;  others should contact the Statistics Directorate on stat.contact@oecd.org.

 
 

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More information on price indices at www.oecd.org/std/prices-indices
 
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