Annual inflation in the OECD rose one tenth to 5.8% in March and energy inflation in the organization was positive for the first time since April 2023, rising to 0.6%, it was announced this Monday.
In a statement released this Monday, the Organization for Economic Cooperation and Development (OECD) reports that general inflation, which had been 5.7% in February, decreased in 19 countries and was below 2.0%. in seven countries.
The largest monthly drop was recorded in Slovak Republic and the largest increase in Türkiye (1.4 points, up to 67.1%), in Latvia (five tenths, up to 0.9%), in Spain (four tenths, up to 3.2%) and in Italy (four tenths, up to 1.2%).
Inflation was below 2% in seven countries, including Costa Rica, which for the second consecutive month was the only one with a negative rate (-1.2%, against -1.1% in February).
The highest rates, in addition to Turkey, were those of Colombia (7.4%, although with a drop of three tenths) and Mexico (4.4%, like the previous month).
Energy inflation rose to 0.6% in March from a fall of 0.5% in February.
Regarding energy inflation in the organization in March, the OECD states that in addition to being positive for the first time since April 2023, it increased in 28 countries of the organization, 12 of which were left with negative energy inflation, as prices continued falling slowly. including the United Kingdom, Italy and the United States.
ThereFood inflation in the OECD registered a new dropreaching 4.9% in March, compared to 5.3% in February, with decreases in 34 OECD countries.
OECD core inflation (inflation less food and energy) remained at 6.4% in March, with declines of 0.2 percentage points or more in 16 countries and increases of 0.2 percentage points or more in six of the organization’s countries.
In the euro area, annual inflation measured by the Harmonized Index of Consumer Prices (HICP) decreased to 2.4% in March, down from 2.6% in February.
Food inflation decreased by more than one percentage point to 2.0% and core inflation decreased for the eighth consecutive month, although it remained above 2.0%.
According to Eurostat’s provisional estimate, in April, Annual inflation remained the same in the euro area.with a further decline in core inflation and an increase in energy inflation, which remains negative.
TO Annual inflation in the G7 rose slightly to 3.1% in March, up from 2.9% in February.
Food inflation decreased and energy inflation increased, but remained negative and core inflation held steady.
Headline inflation decreased in France and Germany, reaching the lowest level since September and May 2021, respectively.
In counterpart, increased in Italywhere the decline in energy prices has slowed significantly, and in the United States, where food inflation has increased.
Rising core inflation was the main factor contributing to global inflation in all G7 countries, says the OECD.
At the G20, annual inflation In March it remained at 6.9%. Headline inflation decreased in Brazil, China, Saudi Arabia and South Africa, while it increased in Indonesia and Argentina.
Source: Observadora
