Annual inflation in the OECD area picked up to 1.1% in June 2020, compared with 0.7% in May, after four consecutive months of decline. Energy prices decreased less in June (minus 9.5%) than in May (minus 13.7%) and food price inflation picked up slightly to 4.6%, compared with 4.5% in May. Excluding food and energy, OECD inflation also picked up slightly to 1.6% in June 2020 compared with 1.5% in May.

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Working with over 100 countries, the OECD is a global policy forum that promotes policies to improve the economic and social well-being of people around the world.

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