Annual inflation rate in OECD area drops slightly to 1.9% in February 2010
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30/03/10 - Consumer prices in the OECD area rose by 1.9% in the year to February 2010, down from 2.1% in January. This small decrease in inflation rates mainly reflected the slowing down of energy prices, which increased by 8.4% in February, compared with 10.6% in January.
Consumer prices for food in the OECD area fell by 0.3% in the year to February 2010, following a fall of 0.7% in January. Excluding food and energy, consumer prices rose by 1.5% in the year to February 2010, down from 1.6% in January.
The next publication of the OECD Consumer price indices will be on 4 May 2010.
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Link to previous news releases
Consumer Price Indices (CPI) for OECD Countries and Major Non-Member Economies
OECD Main Economic Indicators (MEI)