The annual inflation rate of the 34 Organization for Economic Co-operation and Development (OECD) member countries dropped to 0.4 percent in September this year, compared to 0.6 percent in the previous month, according to the latest figures.
The inflation rate of energy prices continued to fall in September, declining by 12.4 percent from 10.2 percent recorded in August, while inflation in food prices remained stable month on month at 1.4 percent in September.
Compared with the same month of the previous year, inflation declined to 0.0 percent in September in the United States, following the year-on-year rate of 0.2 percent recorded in August, while in Canada inflation was at one percent in September, after 0.3 percent in the previous month. In September, annual inflation in Italy remained stable for the fourth consecutive month at 0.2 percent, and in the UK it decreased to -0.1 percent, down from 0.0 percent recorded in August. In France the annual inflation in September was stable at 0.0 percent and in Germany annual inflation fell to 0.0 percent in September, compared to 0.2 percent in August. Meanwhile, annual inflation decreased in Japan to 0.0 percent in September, compared to 0.2 percent in August.