The annual inflation rate of OECD countries rose to 4.3% in August, compared to 4.1% in July, driven by a strong rise in energy prices, while food inflation continued to slow down, was announced today.
© Lusa
06/10/2026
by
Lusa
Na statement, the OECD (Organisation for Economic Cooperation and Development) reported that overall inflation increased in 23 of the 38 countries of the organisation, remained stable – like the United States, by 3.4% – or almost stable by twelve and fell by three (Estonia, Slovakia and Turkey).
However, Turkey remains the red lantern of inflation, with an annual rate of 31.5% in August, minus three tenths than last July.
Over 5% were Colombia (6.2%), Iceland (5.6%) and Lithuania (6.1%).
OECD energy inflation skyrocketed to 13.6% in August, against 11.6% in July, with increases in 28 of the 37 countries for which data were available.
In Australia, Belgium, Denmark, Italy, Spain and Turkey, the increase was more than five percentage points.
In contrast, food inflation fell to 2.8%, compared to 3.2% in July, the lowest level since July 2021.
As for underlying inflation, which excludes food and energy, it remained stable at 3.6% for the third consecutive month.
In G7 (United States, United Kingdom, Canada, Germany, France, Italy and Japan), general inflation barely varied, at 3.1% in August, compared to 3% in July.
The increase in energy inflation in this group, which reached 14%, was partly offset by the moderation of food prices, whose inflation fell to 1.9%, the lowest level since October 2024.
Energy was the main factor in rising inflation in Italy, France and the United Kingdom.
In the euro area, inflation measured by the Harmonised Index of Consumer Prices (HICP) rose to 3.2% in August, compared with 3% in July, while energy prices rose by 14.3%, the highest level since January 2023.
The preliminary estimate of the EU statistical agency, Eurostat, points to a further acceleration in September to 3.8%, an increase of 0.6 percentage points that would lead to inflation from the euro area to the highest level since September 2023.
Energy inflation would have reached 18.8%, while the underlying would have remained at around 2.5% in the euro area.
In the G20, the annual inflation rate increased to 4.1% in August, compared with 3.9% in July. The rate rose in India to 5%, and in China and Indonesia to 0.8% and 3.2%, respectively. On the contrary, it fell in Argentina and Brazil and remained practically stable in Saudi Arabia and South Africa.