Inflation in OECD countries rose to 8.8% in March, the highest rate since 1988

Annual inflation in the OECD countries as a whole recorded a rise of one point in March compared to the previous month, to 8.8%, which is the largest increase since October 1988. The reason for the increase is due to the rise in energy prices, which rose by 33.7%, after that Increased 26.6% in February Organization for Economic Co-operation and Development (OECD) It is a statement.

In terms of energy, this is the highest inflation rate since May 1980. Excluding food and energy prices, which tend to be the most volatile, year-on-year inflation in the OECD rose 5.9% in March, three-tenths more. than in February. The Organization for Economic Cooperation and Development She highlighted that nearly one-fifth of its members recorded double-digit inflation, and Turkey was the country with the highest increase, at 61.1%.

All G7 members saw increases in March: highest in Germany, from 2.2 percentage points, to 7.3%, and lowest in Japan, 0.3 points, to 1.2%. at United State There was an inflation of 8.5% (+0.6 points) and in United kingdom, 6.2% (+0.7). Spain was one of the OECD countries with one of the highest increases not counting turkey (from 2.2 points to 9.8%), along with Dutch (+3.5, up to 9.7%), Poland (+2.5, up to 11%) or Sweden (+1.7, up to 6%), among others.