OECD YEAR-ON-YEAR INFLATION RATE UP TO 2.5% IN NOVEMBER.

The consumer price index for the 29-nation OECD (Organisation for Economic Cooperation and Development) area rose by 0.1% in November. Measured over twelve months, consumer price inflation for the OECD area (excluding Turkey), was 2% in November, up 0.1 of a percentage point from October and down from 2.5% on year-earlier levels.

Inflation remained stable in the Group of Seven major economies considered as a whole. Monthly inflation was 0.1% in Italy, zero in the United States, Germany, France and Canada and -0.1% in Japan and the United Kingdom. Among the 20 smaller countries that sent in November figures to the Paris-based OECD, monthly inflation increased in four countries, fell in thirteen, and was unchanged in three. Inflation rates rose in Denmark, Mexico, Norway and Portugal, fell in the Czech Republic, Finland...