Brazil achieved better inflation figures than the OECD average for the first time this year

Average inflation in OECD (Organization for Economic Cooperation and Development) countries fell to 10.2% in the 12 months ending in July.

The index had been up 10.3% in the same period until the previous month. The organization released the report Tuesday, Sept. 6.

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Inflation in OECD countries surpassed that in Brazil, which reached 10.07% in the 12 months accumulated through July.

The country is not part of the group. The OECD has 38 member countries.

The drop in inflation was the first since November 2020, and despite the decline, the list of countries with double-digit inflation rose from 13 to 15, according to the OECD.

The Netherlands and Colombia were the countries that surpassed the 10% mark this month.

The overall index fell in 26 of 38 countries.

However, food inflation continued to rise, reaching 14.5% in the 12 months through July. In the year to June 2022, it was 13.3%.

Inflation is highest in Turkey, reaching 79.6% from 12 months to July.

It is lowest in Japan, at 2.6% in the same period.

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