Consumer prices in the Organization for Economic Co-operation and Development (OECD) rose 2.4% year-on-year in March.
The annual inflation was up from a month earlier when the figure was 1.7% in February, the OECD revealed on Wednesday.
Higher energy prices was the main reason behind the rise in annual inflation rate this March.
'Annual energy prices rose sharply by 7.4% in March, the highest rate since October 2018,' it noted.
Data showed that food price inflation slowed slightly to 2.7% in March, from 3.0% in February. OECD annual inflation, excluding food and energy, stood at 1.8% in March, slightly up from 1.7% previous month.
By Tuba Sahin