OECD annual inflation slows to 1.9% in July 2014

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02/09/2014 - Consumer prices in the OECD area rose by 1.9% in the year to July 2014, compared with 2.1% in the year to June 2014. This slowdown in the annual rate of inflation was mainly driven by lower energy prices which increased by 2.3% in the year to July compared with 3.1% in the year to June.

Food price inflation remained stable at 2.1% in the year to July 2014. Excluding food and energy, the OECD annual inflation rate was also broadly stable in July, at 1.9% for the third consecutive month.

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


Underlying data:  

OECD, annual inflation


 G20, annual inflation

Source: Consumer price indices, OECD




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Next publication date: 30 September 2014 - See all release dates



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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