Inflation in OECD Area Up to 2.1% in March May 6, 2010

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Consumer prices in the OECD area rose by 2.1% in the year to March 2010, up from 1.9% in February. This small increase in inflation rates mainly reflected higher energy prices, which increased 11.3% in the year to March, compared with 8.4% in February. Consumer prices for food in the OECD area rose by 0.2% in the year to March 2010.

Excluding food and energy, consumer prices rose by 1.4% in the year to March 2010, down from 1.5% in February and from a peak of 2.4% in August 2008.

The OECD Area includes these 29 countries:

• Australia
• Austria
• Belgium
• Canada
• Czech Republic
• Denmark
• Finland
• France
• Germany
• Greece
• Hungary
• Ireland
• Italy
• Japan
• Korea
• Luxembourg
• Mexico
• Netherlands
• New Zealand
• Norway
• Poland
• Portugal
• Slovak Republic
• Spain
• Sweden
• Switzerland
• Turkey
• United Kingdom
• United States

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