Advanced economies’ inflation steadies in February

for Economic Co-operation and Development which groups 34 advanced economies.
Energy prices were up by 7,9 percent in the year to February, amid tensions with Iran and broader supply worries, higher than the 7,4 percent in the year to January.

But food price inflation dipped to 3,9 percent from 4,3 percent.
Annual consumer inflation was stable in the United States, at 2,9 percent, and in the eurozone at 2,7 percent. It rose in Germany, to 2,3 percent in February from 2,1 percent the previous month, stayed flat in France at 2,3 percent, and fell in Britain to 3,4 percent from 3,6 percent.

China’s inflation dipped most sharply, to 3,2 percent in February from 4,5 percent in January. Japan, long struggling with deflation, saw a modest 12-month rise in prices of 0,3 percent in February, up from 0,1 percent. India bucked the global trend amid major economies, with inflation accelerating to 7,6 percent in February from 5,3 percent in January. — AFP.