OECD headline inflation rose further to 4.6% in May 2026, fuelled by higher energy prices
you are currently viewing::OECD headline inflation rose further to 4.6% in May 2026, fuelled by higher energy pricesJuly 6, 2026--Year-on-year inflation in the OECD as measured by the Consumer Price Index (CPI) rose to 4.6% in May 2026, up from 4.4% in April. Energy inflation in the OECD continued to rise in May, reaching 15.8% year-on-year, up from 13.2% in April. Among the 37 OECD countries with available data, energy inflation increased in 26 and declined in 11. Canada, Lithuania, Törkiye, and the United States recorded energy inflation above 20%. By contrast, Costa Rica, Denmark, Iceland, Japan, and Norway recorded negative energy inflation. Food inflation in the OECD dropped by 0.4 percentage points (p.p.) to 3.6%, falling in the large majority of OECD countries. Meanwhile, core inflation (inflation excluding food and energy), rose by 0.2 p.p. to 3.8%. Source: OECD |
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