Consumer prices in the OECD rose in January by more than 2%

Annual inflation in the countries of the Organization for Economic Cooperation and Development (OECD) slowed in January 2018 to 2.2%.

In December, inflation was 2.3%, in November - 2.4%, reports Finmarket .

The main factor in the weakening of inflation in January in the OECD is called a slowdown in the growth rates of energy prices.

According to the organization's estimates, energy prices rose 4.7% in the month before compared to January 2017, while in December the increase was 6.2% in annual terms. Food inflation was stable at 2.2%.

Inflation without taking into account the cost of food and energy carriers in January weakened to 1.8% from December's 1.9%.

The situation in different OECD countries was not uniform. In particular, the slowdown in the growth of consumer prices was noted in Canada (from 1.9% to 1.7%) and in Germany (from 1.7% to 1.6%). In the UK, inflation was stable (3%), as in the USA (2.1%) with Italy (0.9%).

At the same time, inflation increased in Japan (from 1% to 1.4%) and France (from 1.2% to 1.3%).

OECD was established in 1961 and is currently one of the world's leading economic organizations. It includes the 35 most developed countries, including Australia, Austria, Britain, Germany, Spain, Italy, Canada, Norway, USA, Finland, France, Switzerland, Sweden, Japan.