Consumer Prices, OECD - Updated: 4 February 2014

Paris, 4 February 2014
OECD Consumer Price Index
OECD annual inflation nudges up to 1.6% in December 2013

Consumer prices in the OECD area rose by 1.6% in the year to December 2013, compared with 1.5% in the year
to November 2013. This slight increase in the annual rate of inflation was mainly driven by energy prices which
increased by 1.7% in the year to December, compared with stable prices in November. Annual price inflation of food
was steady at 1.5% in December. Excluding food and energy, the OECD annual inflation rate was also stable at 1.6%
in December.
Consumer prices, selected areas
December 2013, percentage change on the same month of the previous year
OECD Total
3.0
3.0
2.0
Euro Area (HICP)
United States
1.6
1.5
1.7
1.6
3.0
2.0
1.5
1.0
1.0
1.7
0.4
2.0
1.0
0.5
0.0
0.0
0.0
-1.0
-1.0
-1.0
-2.0
-2.0
-2.0
All items
Food
Energy
0.9
1.4
0.7
0.0
All items non food non energy
Consumer prices, OECD-Total
Percentage change on the same month of the previous year

5.0
4.0
3.0
% 2.0
1.0
0.0
-1.0
2008M1
2009M1
2010M1
All items
2011M1
2012M1
All items non food non energy
2013M1
2014M1
Annual inflation picked up in Canada (1.2% in December, up from 0.9% in November), the United States
(1.5%, up from 1.2%), Germany (1.4%, up from 1.3%) and Japan (1.6%, up from 1.5%). It was stable in France and
Italy (both at 0.7%), while it slowed slightly in the United Kingdom (2.0%, down from 2.1%).
Euro area annual inflation (as measured by the HICP) increased to 0.9% in December, compared with 0.8% in
November.
Annual inflation in the G20 area 2 was 2.9% in December 2013, down from 3.0% in November 2013. 3 For other
G20 economies, annual inflation decelerated in India (9.1% in December, down from 11.5% in November) and
China (2.5%, down from 3.0%). It remained stable in the Russian Federation (at 6.5%), Indonesia (at 8.4%) and
South Africa (at 5.3%). By contrast, annual inflation slightly increased in Brazil (5.9%, up from 5.8%).
Compared with the previous month, consumer prices in the OECD area rose by 0.1% in December 2013. They
rose by 0.4% in Germany and the United Kingdom, by 0.3% in France, by 0.2% in Italy and by 0.1% in Japan.
They fell by 0.2% in Canada and remained unchanged in the United States.
1
Data related to the graph can be found at the following address: http://stats.oecd.org/index.aspx?queryid=22519
See remarks on G20 in the methodological notes.
3
Data related to G20 area can be found at the following address: http://stats.oecd.org/Index.aspx?DataSetCode=G20_PRICES
2

Consumer prices, OECD countries, selected items
December 2013, percentage change on the same month of the previous year
All item s
CPI
OECD-Total
1.6
G7
1.4
HICP
Energy
All item s non food

non energy
CPI
CPI
CPI
1.5
1.7
1.6
1.4
1.1
1.6
European Union (HICP)
1.0
1.2
0.1
0.9
Euro area (HICP)
0.9
1.4
0.0
0.7
Australia 1
2.7
0.7
5.2
2.8
Austria
1.9
2.0
2.5
-1.0
2.1
Belgium
1.0
1.2
2.3
-3.8
1.5
Canada
1.2
0.8
4.6
0.8
Chile
3.0
4.9
5.5
2.1
Czech Republic
1.4
1.5
4.8
0.6
0.8
Denm ark
0.8
0.4
-1.2
0.7
1.3
Estonia
1.4
2.0
1.6
2.6
1.0
Finland
1.6
1.9
3.6
0.4
1.4
France
0.7
0.8
0.1
1.0
0.4
Germ any
1.4
1.2
3.2
1.2
1.2
Greece
-1.7
-1.8
-0.8
1.9
-2.6
Hungary
0.4
0.6
-0.4
-9.5
4.1
Iceland
4.2
3.7
4.2
0.4
4.6
Ireland
0.2
0.4
-1.1
-1.5
0.7
Israel
1.8
5.0
1.5
1.3
Italy
0.7
1.7
-2.3
0.8
Japan
1.6
2.7
6.8
0.7
Korea
1.1
-0.9
0.5
1.6
3.0
-3.8
3.3
4.0
8.1
3.4
0.1
-1.2
2.3
1.2
1.6
1.7
0.7
Luxem bourg
1.5
Mexico
4.0
Netherlands
1.7
New Zealand 1
1.6
Norw ay
2.0
1.8
2.8
0.2
2.2
Poland
0.7
0.6
1.2
-1.8
1.1
Portugal
0.2
0.2
0.6
-0.3
0.0
Slovak Republic
0.4
0.4
0.4
0.7
-0.2
Slovenia
0.7
0.9
2.2
2.7
-0.1
Spain
0.3
0.3
1.2
0.2
-0.2
Sw eden
0.1
0.4
1.0
-2.3
0.9
Sw itzerland
0.1
0.3
1.5
-0.4
0.0
Turkey
7.4
7.4
9.7
4.5
7.1
1.9
3.3
1.7
0.4
0.5
United Kingdom
United States
1
Food
1.5
1.4
2.0
1.5
1.7
..: not available
Percentage change Q4 2012 to Q4 2013
For further information see Methodological Notes: http://www.oecd.org/std/pricesandpurchasingpowerparitiesppp/47010757.pdf

All CPI data are available at: http://stats.oecd.org/Index.aspx?DataSetCode=MEI_PRICES

Consumer prices, all items, selected countries
Percentage change on the same month of the previous year
2012
2013
Average
2013
2012
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
OECD-Total
2.2
1.6
1.9
1.7
1.8
1.6
1.3
1.5
1.8
2.0
1.7
1.5
1.3
1.5
1.6
G7
1.9
1.3
1.6
1.4
1.6
1.2
0.9
1.2
1.5
1.7
1.4
1.3
1.0
1.3
1.4
Euro area (HICP)

2.5
2.6
1.4
1.5
2.2
2.4
2.0
2.1
1.9
2.0
1.7
1.9
1.2
1.4
1.4
1.6
1.6
1.7
1.6
1.7
1.3
1.5
1.1
1.3
0.7
0.9
0.8
1.0
0.9
1.0
Major seven countries

Canada
1.5
0.9
0.8
0.5
1.2
1.0
0.4
0.7
1.2
1.3
1.1
1.1
0.7
0.9
1.2
France
2.0
0.9
1.3
1.2
1.0
1.0
0.7
0.8
0.9
1.1
0.9
0.9
0.6
0.7
0.7
Germany
2.0
1.5
2.0
1.7
1.5
1.4
1.2
1.5
1.8
1.9
1.5
1.4
1.2
1.3
1.4
Italy
3.0
1.2
2.3
2.2
1.9
1.6
1.1
1.1
1.2
1.2
1.2
0.9
0.8
0.7
0.7
Japan
0.0
0.4
-0.1
-0.3
-0.7
-0.9
-0.7
-0.3
0.2
0.7
0.9
1.1
1.1
1.5
1.6
United Kingdom
United States
2.8
2.1
2.6
1.5
2.7
1.7
2.7
1.6
2.8
2.0
2.8
1.5
2.4
1.1
2.7
1.4
2.9
1.8
2.8
2.0
2.7
1.5
2.7
1.2
2.2
1.0
2.1
1.2
2.0
1.5
G20 and other non OECD G20 economies

G20*
3.2
3.0
3.1
3.1
3.3
3.0
2.7
2.8
3.1
3.3
3.1
2.9
2.8
3.0
2.9
Argentina*
10.1
10.6
10.8
11.1
10.8
10.6
10.5
10.3
10.5
10.6
10.5
10.5
10.3
10.5
10.9
Brazil
5.4
6.2
5.8
6.2
6.3
6.6
6.5
6.5
6.7
6.3
6.1
5.9
5.8
5.8
5.9
China
2.6
2.6
2.5
2.0
3.2
2.1
2.4
2.1
2.7
2.7
2.6
3.1
3.2
3.0
2.5
India
9.3
10.9
11.2
11.6
12.1
11.4
10.2
10.7
11.1
10.8
10.7
10.7
11.1
11.5
9.1
Indonesia
4.3
7.0
4.3
4.6
5.3
5.9
5.6
5.5
5.9
8.6
8.8
8.4
8.3
8.4
8.4
Russian Federation
5.1
6.8
6.5
7.1
7.3
7.0
7.2
7.4
6.9
6.5
6.5
6.1
6.3
6.5
6.5
Saudi Arabia
2.9
..
3.7
3.9
3.9
3.9
4.0
3.8
3.5
3.7
3.5
3.2
3.0
3.1
..
South Africa
5.7
5.8
5.7
5.5
5.9
6.0
5.9
5.5
5.5
6.4
6.4
6.1
5.5
5.3
5.3
Oct
Nov
Dec
0.1
Consumer prices, all items, selected countries

Percentage change on previous month
2013
2012
Dec
Jan
Feb
Mar
OECD-Total
0.0
0.1
0.5
G7
-0.1
0.1
0.6
Euro area (HICP)

0.4
0.3
-1.0
-0.8
Apr
May
Jun
Jul
Aug
Sep
0.3
0.0
0.1
0.1
0.1
0.1
0.2
0.0
0.0
0.3
-0.1
0.2
0.2
0.1
0.2
0.1
-0.2
-0.1
0.1
0.4
0.4
1.2
0.9
-0.1
0.0
0.1
0.1
0.1
0.0
-0.5
-0.4
0.1
0.1
0.5
0.4
-0.1
-0.1
-0.1
-0.1
0.4
0.3
Major seven countries

Canada
-0.6
0.1
1.2
0.2
-0.2
0.2
0.0
0.1
0.0
0.2
-0.2
0.0
-0.2
France
0.3
-0.5
0.3
0.8
-0.1
0.1
0.2
-0.3
0.5
-0.2
-0.1
0.0
0.3
Germany
0.3
-0.5
0.6
0.5
-0.5
0.4
0.1
0.5
0.0
0.0
-0.2
0.2
0.4
Italy
0.2
0.2
0.1
0.2
0.0
0.0
0.3
0.1
0.4
-0.3
-0.2
-0.3
0.2
Japan
0.0
0.0
-0.2
0.2
0.3
0.1
0.0
0.2
0.3
0.3
0.1
0.0
0.1
United Kingdom
United States
0.5
-0.3
-0.5
0.3
0.7
0.8
0.3
0.3
0.2
-0.1
0.2
0.2
-0.2
0.2
0.0
0.0
0.4
0.1
0.4
0.1
0.1
-0.3
0.1
-0.2
0.4
0.0
G20 and other non OECD G20 economies

G20*
0.2
0.2
0.6
0.3
0.1
0.1
0.2
0.2
0.3
0.3
0.1
0.1
0.1
Argentina*
1.0
1.1
0.5
0.7
0.7
0.7
0.8
0.9
0.8
0.8
0.9
0.9
1.4
Brazil
0.8
0.9
0.6
0.5
0.6
0.4
0.3
0.0
0.2
0.3
0.6
0.5
0.9
China
0.8
1.0
1.1
-0.9
0.2
-0.6
0.0
0.1
0.5
0.8
0.1
-0.1
0.3
India
0.5
0.9
0.9
0.4
0.9
0.9
1.3
1.7
0.9
0.4
1.3
0.8
-1.6
Indonesia
0.5
1.0
0.8
0.6
-0.1
0.0
1.0
3.3
1.1
-0.3
0.1
0.1
0.5
Russian Federation
0.5
1.0
0.6
0.3
0.5
0.7
0.4
0.8
0.1
0.2
0.6
0.5
0.5
Saudi Arabia
0.4
0.2
0.2
0.3
0.2
0.1
0.2
0.4
0.2
0.2
0.4
0.3
..
South Africa
0.3
0.3
0.9
* See remarks on G20 and Argentina in the methodological notes
1.2
0.3
-0.3
0.4
1.0
0.4
0.5
0.2
0.1
0.3
Contacts: For further information contact the OECD's Media Relations Division on (33) 1 45 24 97 00 or e-mail
news.contact@oecd.org.
Next release: 4 March 2014.
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Consumer Prices, OECD - Updated: 4 February 2014

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Paris, 4 February 2014

OECD Consumer Price Index

OECD annual inflation nudges up to 1.6% in December 2013

Euro Area (HICP)

All items non food non energy

Consumer prices, OECD-Total

Percentage change on the same month of the previous year

Paris, 4 February 2014

OECD Consumer Price Index

All item s non food

European Union (HICP)

Euro area (HICP)

Percentage change Q4 2012 to Q4 2013

For further information see Methodological Notes: http://www.oecd.org/std/pricesandpurchasingpowerparitiesppp/47010757.pdf

Paris, 4 February 2014

OECD Consumer Price Index

Euro area (HICP)

Major seven countries

G20 and other non OECD G20 economies

Consumer prices, all items, selected countries

Euro area (HICP)

Major seven countries

G20 and other non OECD G20 economies

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