PARIS, Dec 4: Rising energy prices pushed up annual inflation to 2.3 per cent in advanced economies in October from 2.2 per cent the previous month, the OECD said on Tuesday.

“Energy prices accelerated to 5.4 per cent in October, up from 5.1 per cent in September while food prices remained broadly stable in October,” rising by 2.2 per cent compared to 2.1 per cent in September, said the Organisation for Economic Cooperation and Development in a statement.

Excluding food and energy, annual inflation in the 34 OECD countries increased slightly to 1.7 per cent in October. The OECD member Britain saw annual inflation spike to 2.7 per cent in October from 2.2 per cent in September due to a rise in tuition fees.Annual inflation also picked up to 2.2 per cent in October in the US from 2.0 per cent. Deflation deepened in Japan to 0.4 per cent in October from 0.3 per cent. Outside the OECD area, annual inflation accelerated to 9.6 per cent in October in India from 9.1 per cent.

It ticked up to 5.4 per cent in Brazil from 5.3 per cent. Annual inflation slowed in China to 1.7 per cent in October from 1.9 per cent the previous month.—AFP