Consumer prices in the OECD-area slowed for a fourth straight month in November, easing to a 1.3 per cent pace in the year to October, according to the Paris-based organisation.
That compares with its recent peak of 2.0% in July 2013. The continuing slowdown in the annual rate of inflation was mainly driven by lower energy and food price inflation.
Energy prices fell by 1.3% in the year to October, versus a flat rate in September, while food price inflation decreased to 1.6% over the same period, below the 1.9% pace seen in September.
Excluding food and energy, the OECD´s annual inflation rate also slowed in October, by a tenth of a percentage point, to reach 1.5%.
Source: Reuters
That compares with its recent peak of 2.0% in July 2013. The continuing slowdown in the annual rate of inflation was mainly driven by lower energy and food price inflation.
Energy prices fell by 1.3% in the year to October, versus a flat rate in September, while food price inflation decreased to 1.6% over the same period, below the 1.9% pace seen in September.
Excluding food and energy, the OECD´s annual inflation rate also slowed in October, by a tenth of a percentage point, to reach 1.5%.
Source: Reuters
