OECD Annual Inflation Increases to 1.9% in July 2013

Hira Shahnawaz Akhtar

Published onSeptember 3, 2013

Updated on May 13, 2021

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.

Table of Contents

Figure 1: Year on year percentage change of OECD total consumer prices

Rise of energy prices in OECD

The increase in prices was driven...

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Hira Shahnawaz Akhtar

Hira is a financial analyst whose expertise lies in commodity and other financial markets. Hira is currently an independent financial consultant and is working with many international firms like American Arab Solutions (AAS). She has previously served as a Senior Research Analyst at Alternate Research (Pvt.) Ltd. as the Team Leader for the International Equities Research. She has also worked as an equities analyst of Pakistani E&P stocks at Invest Capital Markets. She has experience in business development and conducting feasibility studies in commodity markets, specifically in sugar, palm oil and canola oilseeds. She has cleared all three levels of her CFA (Chartered Financial Analyst) and has an undergraduate degree in Finance.

OECD Annual Inflation Increases to 1.9% in July 2013

Rise of energy prices in OECD

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