Year-on-year inflation in the OECD rose to 9.2% in April, from 8.8% the previous month, mainly due to rising food prices, it was announced on Thursday.
In a statement, the OECD (Organization for Economic Cooperation and Development) indicates that excluding food and energy, year-over-year inflation increased to 6.3% in April 2022compared to 5.9% in March.
The rise in food prices in the OECD was accentuated, having reached 11.5% in Aprilcompared to 10.0% in March.
Services prices accelerated in most OECD countries, rising on average 4.4% year-on-year in April 2022 across 33 OECD countries, up from 3.9% in March.
These increases in the prices of food and services were partially offset by a temporary slowdown in energy prices to 32.5% year-on-year in April 2022, about 1.2 percentage points lower than in March.
Price developments varied slightly from country to country.
Nine OECD countries recorded double-digit inflation rates, with the highest rates recorded in Turkey and Estonia.
By contrast, inflation fell in five OECD countries, including Italy, Spain and the United States.
Source: Observadora
