OECD Consumer Prices - Updated: 30 September 2008

Annual inflation in the OECD area at 4.7% in August 2008

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30/09/2008 - Consumer prices in the OECD area rose by 4.7% in the year to August 2008, compared with 4.8% in the year to July 2008. On a monthly basis, the price level decreased by 0.1% in August, compared with a rise of 0.4% in July.

Consumer prices for energy were up by 20.9% year-on-year in August, as against 22.5% in July and consumer prices for food by 7.1% compared with 7.2% in July. Excluding food and energy, consumer prices rose by 2.3% in the year to August, unchanged from July. etc.

Link to Consumer price indices for OECD countries and major non-member economies (data in index and in percentage change on the same period of the previous year).

The next publication date of the OECD Consumer price indices will be on 4 November 2008

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