6/7/2011 00:00:00
New leap in inflation in the OECD area in May, which increased from 2.7% to 3.2% on an annual basis, the highest level since October 2008. The increase was driven again by energy prices, rose by more than 14%, and those foods up by 3.9%. The most remarkable increase was recorded in North American countries: in Canada, inflation has risen to 3.7% versus 3.3% in April and in the United States to 3.6% versus 3.2%. In Europe, however, inflation has remained stable in Italy (2.6%) and Britain (4.5%) and declined in France (2.3% versus 2.4% in April) and Germany (2.1% versus 2.2%). Beyond the OECD area, a mixed situation also in emerging countries: the increase in consumer prices accelerated in China (from 5.3% to 5.5%), Brazil (from 6.5% to 6.6%) and South Africa (from 4.2% to 4.6%), remained stable in Russia (9.6%) and slows in India (from 9.4% to 8.7%) and Indonesia (from 6.2% 6%).
