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- OECD: consumer price inflation in the OECD area remains unchanged at 0.8% year-on-year in April
OECD: consumer price inflation in the OECD area remains unchanged at 0.8% year-on-year in April
OECD released its consumer price inflation (CPI) data on Thursday. Consumer price inflation in the OECD area remained unchanged at 0.8% year-on-year in April.
Energy prices slid at an annual rate of 7.8% in April, up from a 9.5% fall in March, while food prices decreased to 0.4% from 0.7%.
CPI excluding food and energy in the OECD area fell to 1.8% year-on-year in April from 1.9% in March.
February's CPI was -0.1% in Germany, -0.3% in Japan, -0.5% in Italy, 1.1% in the U.S, 1.7% in Canada, and 0.3% in the U.K.
The consumer price inflation in Eurozone was -0.2% in April, while the inflation in China was 2.3%.
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