Inflation in the OECD area June 2011

2/8/2011 00:00:00

Consumer prices in the OECD area rose by 3.1% in the year to June 2011, compared with 3.2% in May – the first decrease in inflation since November 2010. This easing in the rate of inflation mainly reflected slower growth in energy prices, which increased by 13.6% in June, compared with 14.2% in May. Food prices rose by 4.0% in June, up from 3.9% in May. Excluding food and energy, the annual inflation rate was stable at 1.7% in June.

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