Original title: inflation rate in OECD countries rose to 4.3% in August
The Organization for Economic Cooperation and Development (OECD), based in Paris, France, issued a communique on October 5 local time, saying that due to the rise in energy and food prices, the inflation rate of OECD member countries has continued to rise since December 2020, reaching 4.3% in August 2021 and 4.2% in July 2021.
In addition, inflation in the euro zone rose sharply to 3 per cent in August, up from 2.2 per cent in July, but still lower than in the OECD region, while inflation in the US was as high as 5.3 per cent over the same period.
Energy prices in the OECD region rose 18 per cent in August, up from 17.4 per cent in July and the highest since September 2008, the communique said. Food prices also rose strongly, reaching 3.6 per cent, compared with 3.1 per cent in July. Excluding food and energy, the annual inflation rate in the OECD region remained at 3.1% for the third month in a row. (Ma Jinjin, a reporter from the front desk)