Consumer prices indices for the OECD countries continue to increase. The OECD CPI went up by 2.9% in April 2011 compared with 2.7% in March. Energy prices accounted for much of the increase with a 13.8% rise compared with 12.4% in March.
Inflation accelerated most in the UK with an increase to 4.5% and the US to 3.2%. Germany also experienced an acceleration of inflation to 2.4%. France's inflation rose to 2.1% and Italy's to 2.6%. Canada remained stable at 3.3%. The euro area inflation (HICP) was at 2.8% in May from 2.7% in April.
The latest figures from Eurostat suggest that euro area inflation was back to 2.7% again in May with EU inflation at 3.2%.
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