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Annual inflation rate in OECD area edges up to 2.1% in March 2010

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04/05/10 - 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 by 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, a positive rate for the first time since September 2009. 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 next publication of the OECD Consumer price indices will be on 1st June 2010.

Contacts
For further information, journalists are invited to contact the OECD's Media Relations Division on (33) 1 45 24 97 00 or news.contact@oecd.org;  others should contact the Statistics Directorate on stat.contact@oecd.org.

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