O.E.C.D. inflation
Consumer prices in countries of the Organisation for Economic Co-operation and Development rose an average of 0.7 per cent in April, compared with 0.4 per cent in March. (New Zealand’s figures, available quarterly, were 0.3 per cent for the quarter ended March 31.) However, O.E.C.D. prices over the 12 months to the end of April, at 5.7 per cent, were unchanged from the 12 months to the end of March, and the rise over the six months to the end of March was 2.0 per cent. The halfyearly rate has now been
virtually unchanged since December. The stronger monthly rise in April was comparatively widespread. In some countries this reflected in part regular!}; scheduled increases in public tariffs. In other countries, such as France and the United States, higher energy taxes and the influence of the appreciating dollar and a firming of spot-oil-market conditions halted the decline in retail energy prices. These developments were only partly offset by a modest deceleration in retail food prices.
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Press, 22 June 1983, Page 28
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167O.E.C.D. inflation Press, 22 June 1983, Page 28
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