Annual inflation in the OECD area picked up to 0.6% in the year to May 2015, compared with 0.4% in April. This increase in the annual rate of inflation mainly reflected the slower decline in energy prices at -10.0% in May, as compared with -11.5% in the year to April.
Food price inflation slowed to 1.6% in May, compared with 1.8% in April. Excluding food and energy, the OECD annual inflation rate was stable at 1.6%.
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