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
Contacts For further information, journalists are invited to contact the OECD's Media Relations Division on (33) 1 45 24 97 00 or email@example.com; others should contact the Statistics Directorate on firstname.lastname@example.org.