The annual inflation rate of the 34 Organization for Economic Co-operation and Development (OECD) member countries reached 0.6 percent in October this year, compared to 0.4 percent in the previous month, according to the latest figures.
The inflation rate of energy prices fell at a slower pace in October, declining to 11.6 percent from 12.4 percent recorded in September, while inflation in food prices increased slightly to 1.5 percent in October. Excluding food and energy, the OECD annual inflation rate remained stable at 1.8 percent in October.
Compared with the same month of the previous year, inflation reached 0.2 percent in October in the United States, following the year-on-year rate of 0.0 percent recorded in September, while in Canada inflation remained stable at one percent. In October, annual inflation in Italy increased to 0.3 percent from the 0.2 percent recorded in the previous month, and in the UK annual inflation remained stable at -0.1 percent. In France annual inflation in October increased to 0.1 percent from 0.0 percent in September and in Germany annual inflation increased to 0.3 percent compared to 0.0 percent in September. Meanwhile, annual inflation increased in Japan to 0.3 percent in October, after the 0.0 percent registered in the previous month.