RIYADH: The inflation rate across Organization for Economic Co-operation and Development countries remained broadly stable at 10.3 percent in August, 10.2 percent in July and 10.3 percent in June. According to a OECD press release, the headline inflation, based on the Consumer Price Index, in 16 of 38 OECD countries decreased between July and August, primarily driven by a slower increase in energy prices. In 15 OECD countries, the inflation rate continued in double digits, with the highest rates observed in Estonia, Latvia, Lithuania and Turkey, all above 20 percent. The press release further noted that energy price inflation in the OECD fell to 30.2 percent year-on-year in Aug. 2022, also down from 35.3 percent in July 2022, with declines in more than 60 percent of OECD countries. However, both food price inflation and inflation excluding food and energy kept rising in the OECD in Aug. 2022.