Inflation in the Organization for Economic Cooperation and Development (OECD) rose to 2.8 percent in August from 2.6 percent in July, the organization announced Tuesday.
The Paris-based OECD said that the rise was mainly due to surging energy prices, which increased by 13.6 percent in August, compared with the same period of last year, after a 10.9-percent rise in July and a 6.9-percent gain in June.
Excluding food and energy, consumer price inflation in the OECD remained stable at 1.8 percent in August on a 12-month basis. Overall OECD inflation was up 0.3 percent in August from July, it said.
Source: Xinhua