Annual inflation in the Organisation for Economic Cooperation and Development (OECD) area continues to slow according to the latest OECD Consumer Price Index.
In the year to April 2009, consumer prices in the OECD area rose 0.6%, compared with a 0.9% rise in the year to April 2008. After a 0.3% rise in March 2009, the month-on-month rise in consumer prices in April slowed to 0.2%.
In Britain consumer prices rose by 2.3%, while in America consumer prices fell 0.7% over the year to April 2009. In Japan prices fell 0.1%, compared with a decline of 0.3% in the year to March 2009.
Zurich Financial Services
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