OECD Annual Inflation Increases to 1.9% in July 2013

Annual inflation in the Organization for Economic Co-operation and Development (OECD) stood at 1.95 percent in July 2013. This was the fourth consecutive increase on a monthly basis. The consumer prices in OECD area increased 1.82 percent in June 2013 and 1.90 percent in July last year. The growth in inflation rates is some indication of a recovering global economy but examination into the components of these consumer prices indicates otherwise.

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