Inflation In The OECD Continues To Rise In September

Consumer prices in the OECD countries continued to rise in September by 3.3% after a 3.2% increase in August. It is the highest rate since October 2008. The 5.2% rise in inflation in the UK in September was mainly due to the 18.1% rise in energy prices in September after a 12.3% rise in August. It is back to the peak of September 2008, the highest since records began in January 1997. Consumer price inflation also increased in Italy (3%), Germany (2.6%), the US (3.9%) and Canada (3.2%). In France prices remained stable but in Japan prices fell by 0.2% to 0%. In Europe, the HICP increased to 3%.