Celebrating 25 Years of Scoop
Licence needed for work use Learn More

World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 

OECD Annual Inflation Stable At 1.2% In August 2020

Annual inflation in the OECD area overall was stable at 1.2% in August 2020. Energy prices continued to fall in August (minus 7.1%), but at a slower pace than in July (minus 8.4%), while food price inflation picked up slightly to 3.9%, compared with 3.8% in July. OECD annual inflation excluding food and energy decreased slightly, to 1.6% in August 2020, compared with 1.7% in July.

By contrast, inflation in the Euro area (as measured by the HICP ) fell sharply to (minus) 0.2%, from 0.4% in July, the first negative rate since May 2016. Excluding food and energy, annual inflation also dropped sharply to 0.4%, compared with 1.2% in July (see below for additional explanations).

Read the full release.

See the data and charts in Excel.

Graph 1 - Consumer prices, selected areas
August 2020, percentage change on the same period of the previous year, %

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
World Headlines

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.