Inflation in advanced economies held steady in January at 2.1%, the OECD said today, although food and energy prices continued to rise at relatively high rates.
Excluding volatile food and energy prices, 12-month consumer price inflation came in at 1.3% in January, compared to 1.2% in December, the Organisation for Economic Cooperation and Development said.
Energy prices showed the highest gain in January, rising 8.4% from January 2010. Food prices rose by 2.6%.
In the US, 12-month consumer price inflation rose to 1.6% in January from 1.5% in December. Prices edged up 0.5% from the previous month.
In the euro zone, 12-month inflation rose to 2.3% in January from 2.2% the previous month. Prices dropped by 0.7% on a monthly basis, however.
Twelve-month consumer price inflation jumped in Britain to 4% in January from 3.7% in December. On a monthly basis prices edged up 0.1% in January following a 1% jump the previous month.
In Japan, 12-month consumer prices were stable again in January, while they dropped 0.2% on a monthly basis.
