OECD inflation falls slightly in July, but trends vary across nations

In July, the OECD’s YoY inflation rate fell slightly to 5.4 per cent, with diverse trends across countries.
Energy inflation rose to its highest since February 2023, while core inflation and food inflation declined.
The G7’s inflation remained stable at 2.7 per cent, with notable changes in Italy and UK.
The euro area and G20 saw varied inflation trends.