Inflation in Industrialized Countries Climbs in March

May 4, 2010
Annual rate of 2.1% in March, up from 1.9% in February

Inflation in the world's industrialized nations climbed to an annual 2.1% in March from 1.9% in February, driven mainly by higher energy prices, the OECD said on May 4.

Energy prices were up 11.3% in March compared with the same month last year, against an annual gain of 8.4% in February.

Consumer prices for food in the 30 economies covered by the OECD rose by 0.2% in March from a year earlier.

Excluding food and energy, prices rose 1.4% in March 2010 from March 2009, compared with a yearly rise of 1.5% in February.

Canada was the only member of the Group of Seven leading industrialized countries where inflation slowed in March, coming to 1.4% from a year earlier compared with an annual 1.6% in February.

The OECD said deflation remained in Japan where consumer prices fell by 1.1% in March from the same month last year.

Copyright Agence France-Presse, 2010

Popular Sponsored Recommendations

Decarbonization Navigator: A Toolkit for Organizations

Sept. 28, 2023
The increasing urgency of addressing climate change along with stakeholder pressures are driving the need for organizations to prioritize decarbonization. Discover how to start...

Digitally Transforming Data and Processes With Product Lifecycle Management

Oct. 29, 2023
Manufacturers face increasing challenges in product development as they strive to consistently deliver improved results. Discover how industry leaders are improving time-to-market...

Gain a competitive edge with real-world lessons on private 5G networks

Nov. 16, 2023
The use of private networks in manufacturing applications is rapidly growing. In this paper, we present valuable insights and lessons learned from the field with the goal of enhancing...

Food and Beverage 2024 Trends and Outlook for North America

Oct. 29, 2023
Ready to hear what 200 of your peers said are the top challenges and opportunities in 2024? Don’t fall behind. Uncover actionable insights to better prepare for 2024 in this whitepaper...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!