OECD annual CPI rate accelerates to 10.3% in June, highest level since June 1988

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The annual consumer inflation rate (CPI) of the countries that make up the Organization for Economic Co-operation and Development (OECD) accelerated to 10.3% in June, reaching the highest level since June 1988, according to a statement released by the OECD on Wednesday. -fair. In May, the region’s annual CPI was 9.7% (revised data).

Only OECD energy prices jumped 40.7% year-on-year in June, after a 35.4% advance in May.

Excluding food and energy prices, which are quite volatile, the OECD consumer price index rose 6.7% in June compared to the same month last year.

In the G-7, which comprises the world’s seven largest economies, the annual CPI rate accelerated from 7.5% in May to 7.9% in June, the OECD said.

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