Inflation & Prices
Inflation Across Advanced Economies Is Now at Lowest Since 2021
- OECD gauge shows weakest price growth since before Ukraine war
- Core inflation across rich countries is showing more strength
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Inflation throughout advanced economies has now slowed to the weakest since December 2021, though underlying price growth is showing a bit more strength, according to the OECD.
The headline gauge for the group that encompasses rich countries around the world fell to 6.5% in May, while a so-called core index that strips out food and energy is at 6.9%. The data were released by the Paris-based organization on Tuesday.