Consumer Prices, OECD – Updated 6 February

OECD annual inflation stable at 1.2% in December 2020 but signs of acceleration in the Euro area

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5 Feb 2021 – Annual inflation in the OECD area remained stable at 1.2% in December, for the third consecutive month. Energy prices declined by (minus) 6.5%, a slower pace than in November (minus 8.1%), while food price inflation slowed to 3.2%, compared with 3.4% in November. OECD annual inflation excluding food and energy, remained almost stable, for the third consecutive month, at 1.6% in December 2020.

Consumer prices, selected areas

December 2020, percentage change on the same period of the previous year, %

Source: Consumer price indices, OECD

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

December 2018 – December 2020, percentage change on the same period of the previous year, %

Source: Consumer price indices, OECD

Underlying data:

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