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OECD annual inflation stable at 2.9% in September 2018

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06/11/2018 - Annual inflation in the OECD area was stable at 2.9% in September 2018, for the third consecutive month. This stability however is the result of a significant increase of annual inflation in Turkey (24.5% in September, after 17.9% in August) and a slowdown in the OECD area excluding Turkey (2.2% in September, down from 2.4% in August[1]), mainly driven by lower inflation in Canada and the United States.

Energy prices, in the OECD area as a whole, rose at a slower pace, by 8.2% in September, compared with 10.2% in the year to August, while food prices rose by 2.3% in September, compared with 2.0% in August 2018. Excluding food and energy, OECD inflation increased to 2.3% in September, compared with 2.1% in August.

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Underlying data:  

OECD, annual inflation

 G20, annual inflation

Source: Consumer price indices, OECD

• Consumer prices FAQs
• Next publication date: 4 December 2018 - See all release dates
• Contacts: 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
• Link to previous news releases
• More information on price indices at www.oecd.org/std/prices-indices

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