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OECD headline inflation falls to 5.4% in July 2024, despite rising in about half of OECD countries
Although year-on-year inflation in the OECD as measured by the Consumer Price Index (CPI) fell to 5.4% in July 2024 from 5.6% in June, developments varied widely across countries (Figures 1 and 2). Inflation increased in 17 of 38 OECD countries, declined in 11, and was stable or broadly stable in 10. It declined by nearly 10 percentage points in Türkiye, although it remained above 60%. Excluding Türkiye, OECD inflation is estimated to have been broadly stable in July. Headline inflation stood below or at 2% in nine countries in July, but exceeded 5% in four others. Year-on-year OECD energy inflation rose to 3.3% in ... (full story)
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- Posted: Sep 5, 2024 12:27am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,690
