Breaking OECD Annual Inflation Hits 34-Year High SonDakika-Haberleri.Net

Annual inflation rate at 9.6% in May, up from 9.2% in April.

Breaking OECD Annual Inflation Hits 34-Year High SonDakika-Haberleri.Net

Annual inflation rate at 9.6% in May, up from 9.2% in April.

05 Temmuz 2022 - 13:45

Annual inflation in the Organization of Economic Cooperation and Development (OECD) region reached 9.6% in May, the highest since August 1988.
According to an OECD statement on Tuesday, the inflation rate was up from 9.2% in April.
Energy prices soared by 35.4% in May on an annual basis in the OECD region, while food prices were up by 12.6%.
Excluding food and energy, annual inflation increased to 6.4% in May in the region.
In May, annual inflation increased in almost all countries, excluding Colombia, Japan, Luxembourg and the Netherlands.
"Ten OECD countries recorded double-digit inflation, with the highest rates recorded in Türkiye, Estonia and Lithuania," it added.
In the G7 area, the inflation rate was 7.5% in May, up from 7.1% in April, while it was 8.1% in the euro area, increasing from 7.4%. -
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