CCTV.com - CNTV English - CCTV News


Homepage > News > Biz >

OECD annual inflation rate eases to 2.7 pct in March

05-04-2012 09:07 BJT

PARIS, May 3 (Xinhua) -- Consumer prices in area of the Organization for Economic Cooperation and Development (OECD) rose by 2.7 percent in the year to March 2012, compared with 2.8 percent in the year to February 2012, the Paris-based organization said Thursday.

"This easing in the annual rate of inflation mainly reflected developments in energy and food where inflation slowed to 6.5 percent and 3.5 percent in the year to March, respectively, compared with 7.9 percent and 3.8 percent in the year to February," the OECD said in its monthly report.

Apart from that, the annual inflation rate was stable at 1.9 percent in March.

According to the OECD report, most of the Group of Seven (G7) industrialized countries saw decelerated inflation rate, such as Canada, whose rate stood at 1.9 percent in March, sharply down from 2.6 percent in February.

More moderate fall of the rate was seen in Germany (2.1 percent) and the United States (2.7), while the rate was stable in France (2.3 percent) and in Italy (3.3 percent).

However, annual inflation increased to 0.5 percent in Japan and to 3.5 percent in Britain.

In the 17-nation eurozone, the OECD report showed the annual inflation (as measured by the Harmonized Index of Consumer Prices) remained stable at 2.7 percent in March.

But the OECD report indicated that a strong declination of the annual inflation was recorded in Brazil (down from 5.8 percent to 5.2 percent), while the South Africa's rate decreased much moderately.

Annual inflation accelerated strongly in India (up from 7.6 percent to 8.6 percent), in China (up from 3.2 percent to 3.6 percent) and in Indonesia (up from 3.6 percent to 4.0 percent).

On month-on-month basis, consumer prices in the OECD area rose by 0.6 percent in March. They rose by 0.8 percent in France and the United States, by 0.5 percent in Italy and Japan, by 0.4 percent in Canada, and by 0.3 percent in Germany and Britain.

Editor:Wang Lingfei |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program