7/3/2012 00:00:00
Consumer prices in the OECD area rose by 2,8% in January compared to the same month in 2011, after the 2,9% increase in December. The slowdown is due to slower growth in energy prices, which increased by 7,4% year-on-year, compared to +8,1% in December. Food prices showed a rise of 4,3% in the year to January (+4,5% in December). Excluding food and energy, the inflation rate rose to 1,9%, down from 2% in December. In the United Kingdom, inflation growth slowed for the fifth consecutive month to 3,6%, from 4,2% in December. Consumer prices also fell in France (to 2,3% from 2,5% in December), Italy (to 3,2% from 3,3%) and the United States (to 2,9% from 3%), stable at 2,1% in Germany and growing in Canada (to 2,5% from 2,3%) and Japan (to 0,1% from -0,2%). In the euro area, annual inflation fell to 2,6% from 2,7% in December. Compared to the previous month, consumer prices in the OECD area grew by 0,2% in January. They rose by 0,4% in Canada and the USA, by 0,3% in Italy and by 0,2% in Japan. Down 0,5% in Great Britain and 0,4% in France and Germany.
