Inflation in the OECD area continues to surge, reaching 7.2% in January 2022, the highest rate since 1991
Year-on-year inflation in the OECD area rose to 7.2% in January 2022, compared with 6.6% in December 2021, and just 1.6% in January 2021, reaching its highest rate since February 1991. This increase reflected in part another sharp rise in inflation in Turkey. Excluding Turkey, inflation in the OECD area rose to 5.8%, after 5.5% ...