Consumer prices inflation in the Organization for Economic Cooperation and Development (OECD) area rose 1.5% year-on-year in January, the organization said on Wednesday.

The figure in December 2020 was 1.2%.

“Following a rebound between Dec. and Jan., the annual decline in energy prices was less pronounced in January (minus 3.9%) than in December (minus 6.5%), while food price inflation slowed slightly to 3.1%, compared with 3.2% in December,” it noted.

Meanwhile, OECD annual inflation excluding food and energy also climbed 1.7% in January compared with 1.6% in December.

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