OECD annual inflation slows to 0.8% in March 2016

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2016-05-04

Annual inflation in the OECD area slowed to 0.8% in March 2016, compared with 1.0% in February 2016. This slowdown was mainly driven by energy prices which declined by 9.5%, compared with a decline of 8.9% in the year to February. Food price inflation also decreased, to 0.7%, compared with 0.9% in February. Excluding food and energy, the OECD annual inflation rate remained stable at 1.9% for the fourth consecutive month.

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Source: Organization for Economic Co-operation and Development

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