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The rate that measures the year-to-year increase in prices between May 2017 and 2018 gave Mexico the "silver medal", with a total inflation rate of 4.51%. This, according to an OECD report that analyzes the price changes of 45 countries
Photo: Courtesy of the OECD
Part of the increase is due to the higher cost of energy in the country. In this area, Mexico is the third country with the highest annual inflation rate at 12.3%, after Turkey (16.7%) and Norway (15.1%). This is an increase of 3.2 points compared to April 2018.
According to the OECD, the rise in energy prices has resulted in a significant increase in energy prices. Annual inflation in the 35 major global economies making up this international organization. [19659004] According to an assessment of the OECD, annual inflation of the area rose to 2.6% last May, three tenths more than in April.
"This rise in annual inflation is a consequence of the evolution of energy prices," the OECD said in a press release issued today.
The # annual inflation in the OECD area rose to 2.6% in May 2018, compared to 2.3% in April https: // t. co / Z0bmOJN89b #stats pic.twitter.com/LAeGWhjGJQ
– OECD in Spanish (@ocdeenespanol) July 3, 2018
According to the data of l & # 39; Paris-based organization, the price trend of the energy sector increased by 9.1% in May compared with 6.1% in April
On the contrary, food prices fell from a tenth, rising from 1.6% to 1.5% between April and May.
In Mexico, inflation in this category, it rose from 5% in April to 3.7 % in May With this, the country ranks third in the list, after the Tu rquie with a rise in food prices compared to May 2017 of 11%, and the Republic of Slovakia and Indonesia, both in 4.5%. 19659004] Aside from food and energy prices, average annual inflation in the OECD area was 2% in May, one tenth more than In April.
In the rest of the countries, experts from the OECD Those who made the report pointed out that annual inflation rose in all major economies in the region in May this year, except in Canada, where it remained stable at 2.2%. At the head of Turkey, with 12.15%
With information from Notimex
You can also read: Analysts increase inflation and growth forecasts at the end of 2018
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