According to data released on Monday by the Organization for Economic Cooperation and Development (OECD), consumer inflation in the OECD area increased slightly to 5.8% in March from 5.7% in February.
The Paris-based organization reported that headline inflation decreased in 19 OECD countries, with Slovakia witnessing the largest monthly decline.
Energy prices saw their first year-on-year increase since April of the previous year, rising by 0.6%.
Meanwhile, food inflation within the OECD dropped to 4.9% from 5.3% in the previous month.
Core inflation, which excludes food and energy, remained steady at 6.4%.
In the G-20 nations, annual inflation maintained its level at 6.9%, marking its highest point since March 2023.
Source: Newsroom
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