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OECD annual inflation stable at 2.3% in April 2018

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05/06/2018 - Annual inflation in the OECD area was stable at 2.3% in April 2018^[1]but with diverging movements in core components. Energy price inflation accelerated to 6.1% in the year to April, compared with 5.3% in the year to March, while food price inflation slowed to 1.6%, compared with 1.7% in March. Excluding food and energy, OECD annual inflation was 1.9% in April 2018, compared with 2.0% in March.

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[1] From June 2018 the UK data published for the entire period by the OECD refers to the ONS lead inflation index: the Consumer Price Index Including Owner Occupiers’ Housing Costs (CPIH). This index is the most comprehensive measure of inflation; it extends Consumer Price Index (CPI), formerly used by the OECD, to include owner occupiers’ housing costs along with Council Tax. More detailed information can be found at: https://www.ons.gov.uk/economy/inflationandpriceindices/articles/consumerpriceindicesabriefguide/2017

Underlying data:  

OECD, annual inflation

 G20, annual inflation

Source: Consumer price indices, OECD

• Consumer prices FAQs
• Next publication date: 3 July 2018 - See all release dates
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• Link to previous news releases
• More information on price indices at www.oecd.org/std/prices-indices

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