OECD inflation rises marginally

The annual inflation rate in the Organisation for Economic Cooperation and Development (OECD) area was 1.7% the year to September, up marginally from 1.6% in August.

Higher food and energy prices, which increased by 2.3% and 5.2% respectively in September, compared with 1.4% and 4.8% in August, were the main factors behind the rise in consumer prices.

Eurozone annual inflation rose from 1.6% in August to 1.8%, while inflation in Britain remained stable at 3.1%. In France inflation rose to 1.6% (up from 1.4%), while in Germany it increased from 1% to 1.3%. (article continues below)

Deflation continued in Japan for the 12th month in a row, while in America inflation stayed stable at 1.1%.