Inflation has eased to 4.4 per cent in countries that are members of the Organization for Economic Cooperation and Development (OECD). It was 4.7 per cent in August.
Inflation declined in 27 of 38 OECD countries, rose in six, and was stable or broadly stable in five. It was 49 per cent in Turkey.
Despite the recent slowdown in OECD headline inflation, average price levels across the OECD as a whole were approximately 30 per cent higher in September, 2024, than they were in December, 2019, prior to the onset of the COVID-19 pandemic.
Canada’s September inflation rate was 1.6 per cent.
