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Consumer Prices in OECD Area Rise by 1.3% in Year to November 2009
added: 2010-01-08

Consumer prices in the OECD area rose by 1.3% in the year to November 2009, compared with a rise of 0.2% in October 2009. Month-on-month, prices increased by 0.1% in November, unchanged from October 2009.

Consumer prices for energy went up by 2.4% in the year to November 2009, following a fall of 9.2% in October. Consumer prices for food fell by 1.1% in the year to November 2009, compared with a fall of 1.0% in October. Excluding food and energy, consumer prices rose by 1.5% in the year to November 2009, compared to a rise of 1.6% in October 2009.

In the euro area, annual inflation (HICP) was 0.5% in November 2009, up from -0.1% in October. Month-on-month, the HICP increased by 0.1% in November, compared to 0.2% in October. Excluding food and energy, the euro area annual inflation rate (HICP) increased by 1.0% in November, compared with a rate of 1.2% in October.

In the United States, the Consumer Price Index (CPI) rose by 1.8% over the year to November 2009, compared to a decrease of 0.2% in the year to October.

In Japan, consumer prices decreased by 1.9% over the year to November, compared to a decline of 2.5% in October.

Over the year to November, annual inflation was 1.9% in the United Kingdom, 1.0% in Canada, 0.7% in Italy and 0.4% in France and Germany.


Source: OECD

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