Consumer Prices, OECD – Updated 3 March

while Euro Area records sharp increase to 1.4%

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3 Mar 2021 – Annual inflation in the OECD area picked up to 1.5% in January 2021, compared with 1.2% in December 2020. Following a rebound between December and January, the annual decline in energy prices was less pronounced in January (minus 3.9%) than in December (minus 6.5%), while food price inflation slowed slightly to 3.1%, compared with 3.2% in December. OECD annual inflation excluding food and energy, also increased slightly, to 1.7% in January, compared with 1.6% in December.

Consumer prices, selected areas

January 2021, percentage change on the same period of the previous year, %

Source: Consumer price indices, OECD

Energy (CPI) and Food (CPI), selected areas

January 2019 – January 2021, percentage change on the same period of the previous year, %

Source: Consumer price indices, OECD

Underlying data:

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