OECD inflation eases marginally

The annual inflation rate in the Organisation for Economic Cooperation and Development (OECD) area was 1.8% in the year to November, down marginally from 1.9% in October.

A slower rate of growth in energy prices, which grew 5.4% in November compared with 6.6% in October, was the main factor behind the easing in the rate of inflation.

Food prices rose 2.7% in November, up from 2.6% in October. (article continues below)

While eurozone inflation remained stable at 1.9% in November, inflation in America fell to 1.1%, compared with 1.2% in October. Inflation in Britain rose from 3.2% to 3.3%, while in Germany prices rose 1.5%, above the 1.3% rate in the previous month.