OECD Inflation Rate Rises to Highest Level in Five Years: Chart

Inflation across Organization for Economic Cooperation and Development member nations is accelerating, with the average reaching the fastest in five years in February. The increase was driven by energy prices, where the year-on-year change jumped to 11.1 percent from 8.5 percent, and food. Among the OECD’s biggest economies, the fastest inflation was in the U.S., where the Federal Reserve is already increasing interest rates.

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