(MENAFN- AFP) Annual inflation in advanced countries picked up to 1.5 percent in November from 1.3 percent the previous month, the OECD said Thursday.The increase was mainly due to an increase in energy prices, but still left consumer price inflation below its 2013 peak of 2.0 percent recorded in July in the 34-nation Organisation for Economic Cooperation and Development.Annual inflation jumped to 1.5 percent in Japan in November from 1.1 percent the previous month, its highest rate since October 2008, in further evidence that efforts by the government and central bank to break deflation are succeeding.In the eurozone, where there have been concerns about deflation, annual inflation rose to 0.8 percent in November from 0.7 percent in October.In the United States inflation climbed to 1.2 percent from 1.0 percent, while it dipped to 2.1 percent in Britain from 2.2 percent.In major emerging markets in November, inflation picked up to 11.5 percent in India from 11.1 percent the previous month. It rose to 6.5 percent in Russia from 6.3 percent, and to 8.4 percent in Indonesia from 8.3 percent. However inflation fell in November in China, to 3.0 percent from 3.2 percent the previous month, and to 5.3 percent in South Africa from 5.5 percent.Inflation was stable in Brazil in November at 5.8 percent.
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