India and Russia are the only two BRICS nations which have witnessed a decline in retail inflation in April, OECD said today.
BRICS nations like Brazil, South Africa and China have registered increase in the consumer price inflation, said the Organisation for Economic Cooperation and Development (OECD).
"Annual inflation (in April) increased in South Africa (to 4.5 per cent), Indonesia (to 6.8 per cent) and also, albeit marginally, in Brazil (to 8.2 per cent) and China (to 1.5 per cent).
"It was stable in Saudi Arabia (at 2 per cent) and decreased in India (to 5.8 per cent) and the Russian Federation (to 16.4 per cent)," the OECD statement said.
BRICS is a grouping of five major emerging economies -- Brazil, Russia, India, China and South Africa.
Paris-based think tank OECD also said inflation of the Group of 20 developed and developing nations eased, to 2.5 per cent in April, from 2.7 per cent in March.
According to the OECD, India's inflation declined from 6.3 per cent in March to 5.8 per cent in April.
Euro area annual inflation, as measured by the Harmonised Index of Consumer Prices (HICP), was zero in April, up from (-)0.1 per cent in March.
As regards Japan, OECD said inflation rate decreased markedly to 0.6 per cent in April, from 2.3 per cent in March. Inflation fell marginally in the US (to -0.2 per cent, from -0.1 per cent) and the UK (to -0.1 per cent, down from zero per cent).
