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The OECD area unemployment rate, unchanged at 8.2% December 2011, continued to show the stability seen throughout 2011.
Composite leading indicators (CLIs) point to a positive change in momentum for the OECD as a whole, driven primarily by the United States and Japan, but similar signs are beginning to emerge in a number of other developed economies.
This easing in the annual rate of inflation mainly reflected the slower growth in energy prices, which increased by 8.1% in the year to December, down from 11.6% in the year to November.
The rate has hovered at this level since January 2011. However, stability at the aggregate level masks different national situations.
Private consumption was the main contributor for the OECD as a whole, adding 0.3 percentage point, with net exports and gross fixed capital formation each contributing 0.2 percentage point.
The assessment is little changed compared to last month for most countries, but the CLIs for Japan, United States and Russia are showing stronger signs of a positive change in momentum and remain above long-term trend.