The annual consumer inflation rate (CPI) of the countries that make up the Organization for Economic Cooperation and Development (OECD) slowed down again in November 2022, to 10.3%, as pressure from Energy costs decreased, according to a statement released by the OECD on Tuesday.
As a result, the annual OECD CPI returned to the August level in November, after reaching 10.7% in October.
Only energy prices rose 23.9% in November compared to the same month of 2021, after advancing 28.1% in the October annual comparison. The energy inflation rate in November was the lowest since September 2021, detailed the OECD.
In the G-7, which brings together the seven largest economies in the world, the annual CPI rate dropped from 7.8% in October to 7.4% in November. In the G20, the rate was 9% in November, compared to 9.5% in the previous month.
Source: CNN Brasil
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