Annual inflation rate in OECD area edges up to 2.1% in March 2010. Ireland’s rate is now -3.1%.

The OECD released the following statistics today: 

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.  Ireland’s figure is now -3.1 %.

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.

 

 

 

 

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