London
4 °C
Manchester
Glasgow
2 °C
Dublin
5 °C
Belfast
5 °C
Washington
10 °C
Denver
Atlanta
Dallas
Houston Texas
17 °C
New Orleans
El Paso
Phoenix
Los Angeles
-11 °C
6 °C
32 °C
31 °C
29 °C
6 °C
Energy Costs Push OECD Inflation Up to 4.5%
Energy Costs Push OECD Inflation Up to 4.5%
Annual inflation across OECD economies rose to 4.5% in September from 4.3% in August, driven mainly by energy. Energy inflation reached 17.4%, while food inflation eased and underlying inflation remained broadly stable at 3.7%.
Annual inflation across OECD economies rose to 4.5% in September from 4.3% in August, driven mainly by energy. Energy inflation reached 17.4%, while food inflation eased and underlying inflation remained broadly stable at 3.7%.
Prices remain far above their pre-pandemic level: food costs are almost 50% higher than in December 2019 and energy prices are close to 70% higher. The data underline why central banks remain cautious even where domestic demand is cooling.
I.Wroblewski--GL
