OECD Inflation Up To 2.2%

Annual inflation in the OECD area increased to 2.2% in September 2012 from 2.1% in August according to data from the OECD. Higher energy prices, at 5.1% increase, were the main cause of the slight increase. Food prices slowed to 2.1% in September after an increase of 2.2% in August.If food and energy atre excluded OECD inflation was 1.6% compared with 1.7% in August. Euro area inflation in September was 2.6%. In the UK it fell from 2.5% in August to 2.2% and in the US it increased to 2% from 1.7% and remained stable in Canada and Italy. Inflation also fell in France and Germany.