Annual Inflation Rate in OECD Area Eases to 2.0% in May 2010

Consumer prices in the OECD area  rose by 2.0 % in the year to May 2010, slightly down from 2.1% in April. This small decrease in inflation rates mainly reflected the slowing down of energy prices, which increased by 11% in May, compared with 12.1% in April. Excluding food and energy, consumer prices rose by 1.3 % in May, unchanged from April – OECD