{"id":44985,"date":"2023-07-04T10:41:36","date_gmt":"2023-07-04T10:41:36","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/oecd-inflation-in-may-drops-to-17-month-low"},"modified":"2023-07-04T11:04:11","modified_gmt":"2023-07-04T11:04:11","slug":"oecd-inflation-in-may-drops-to-17-month-low","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/oecd-inflation-in-may-drops-to-17-month-low","title":{"rendered":"OECD inflation in May drops to 17-month low"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Malawi. <\/strong><\/span>Annual consumer inflation in the Organization for Economic Cooperation and Development (OECD) area fell to a 17-month low in May, mainly owing to declining energy prices, according to data released on Tuesday.<\/p>\n<p>Consumer prices rose 6.5% year-on-year in May, the slowest hike since December 2021, data from the Paris-based organization showed, with headline inflation slowing from 7.4% in April.<\/p>\n<p>Energy prices dropped 5.1% from a year ago in May, after rising 0.7% in April, while food inflation eased to 11% in May from 12.1% in the previous month.<\/p>\n<p>Compared to April, annual inflation dropped in all OECD countries except the Netherlands, Norway, and the UK.<\/p>\n<p>Core annual inflation, excluding food and energy, dropped to 6.9% in May, cooling from April&#8217;s 7.1%.<\/p>\n<p>Across OECD nations, inflation rates ranged from less than 3% in Costa Rica, Greece, and Denmark, to more than 20% in Hungary and Tu\u0308rkiye.<\/p>\n<p>On the Group of Seven (G-7) side, annual inflation decreased to 4.6% in May, its lowest level since September 2021.<\/p>\n<p>The lowest inflation rates among G-7 countries were in Japan and Canada, both below 3.5%.<\/p>\n<p>Annual inflation in the euro area dove to 6.1% from 7% over the same period.<\/p>\n<p>In the Group of 20 (G-20) nations, consumer price rises eased to 5.9% year-on-year in May from April&#8217;s 6.5% hike.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/malawi\">Malawi<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Malawi. Annual consumer inflation in the Organization for Economic Cooperation and Development (OECD) area fell to a 17-month low in May, mainly owing to declining energy prices, according to data released on Tuesday. Consumer prices rose 6.5% year-on-year in May, the slowest hike since December 2021, data from the Paris-based organization showed, with [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":44984,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,371,474,234,6036],"class_list":["post-44985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-malawi","tag-inflation","tag-malawi","tag-oecd"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>OECD inflation in May drops to 17-month low - Malawi<\/title>\n<meta name=\"description\" content=\"Annual consumer inflation in the Organization for Economic Cooperation and Development (OECD) area fell to a 17-month lo ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/oecd-inflation-in-may-drops-to-17-month-low\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OECD inflation in May drops to 17-month low\" \/>\n<meta property=\"og:description\" content=\"Annual consumer inflation in the Organization for Economic Cooperation and Development (OECD) area fell to a 17-month lo ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/oecd-inflation-in-may-drops-to-17-month-low\" \/>\n<meta property=\"og:site_name\" content=\"Malawi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-04T10:41:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-04T11:04:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2023\/07\/sm_1688452365.299943.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"666\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/oecd-inflation-in-may-drops-to-17-month-low#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/oecd-inflation-in-may-drops-to-17-month-low\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"OECD inflation in May drops to 17-month low\",\"datePublished\":\"2023-07-04T10:41:36+00:00\",\"dateModified\":\"2023-07-04T11:04:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/oecd-inflation-in-may-drops-to-17-month-low\"},\"wordCount\":219,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/oecd-inflation-in-may-drops-to-17-month-low#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2023\/07\/sm_1688452365.299943.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"inflation\",\"Malawi\",\"OECD\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/oecd-inflation-in-may-drops-to-17-month-low#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/oecd-inflation-in-may-drops-to-17-month-low\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/oecd-inflation-in-may-drops-to-17-month-low\",\"name\":\"OECD inflation in May drops to 17-month low - 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