OECD Inflation Rises to 4.6% in May, Fueled by Energy Costs

Inflation across OECD member countries increased to 4.6% in May, up from 4.4% in April, reaching its highest point since August 2024. This acceleration in consumer prices was primarily attributed to a significant surge in energy prices, particularly within the G7 nations, where they climbed by 17%. The data indicates renewed inflationary pressures in major economies.