Inflation Across Globe - India Different?
ACCORDING to an OECD report, Inflation in advanced economies held steady at 2.8 per cent in February, with a sharp rise in energy prices balanced out by a drop in global food prices.
Annual consumer inflation was stable in the United States, at 2.9 per cent, and in the Eurozone at 2.7 per cent.
It rose in Germany to 2.3 per cent in February from 2.1 per cent the previous month, stayed flat in France at 2.3 per cent, and fell in Britain to 3.4 per cent from 3.6 per cent.
China's inflation dipped most sharply, to 3.2 per cent in February from 4.5 per cent in January.
Japan, long struggling with deflation, saw a modest 12-month rise in prices of 0.3 per cent in February, up from 0.1 per cent.
India differed from the global trend with inflation accelerating to 7.6 per cent in February from 5.3 per cent in January.