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OECD annual inflation accelerates to 3.2% in May 2011
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05/07/2011 - Consumer prices in the OECD area rose by 3.2% in the year to May 2011, compared with 2.9% in April - the highest rate since October 2008. This increase was mainly driven by a sharp acceleration of inflation in Canada (to 3.7% in May, up from 3.3% in April) and the United States (to 3.6%, up from 3.2%) with high food and energy prices being the main drivers.
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Consumer prices, selected areas
May 2011, percentage change on the same month of the previous year
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Link to underlying data - Source: Consumer price indices, Main Economic Indicators, OECD
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