Inflation in the OECD reaches 9.6% in May, the highest since August 1988

Inflation in OECD countries continued its progression in May, reaching 9.6% year-on-year, the highest figure since August 1988, the organization announced on Tuesday.

The increase in May is four tenths higher than the 9.2% year-on-year in April, and was mainly due to the increase in energy and food prices, the OECD detailed in a statement. Energy prices soared by 35, 4% year-on-year in ma