The annual inflation rate of the 34 Organisation for Economic Co-operation and Development (OECD) member countries was stable at 0.6 percent in August this year compared to the previous month, remaining unchanged for the fourth consecutive month, according to the latest figures.
The inflation rate of energy prices continued to fall in August, declining by 10.3 percent, marginally faster than the 9.6 percent decrease in July, while inflation in food prices increased slightly to 1.4 percent in August from 1.3 percent in the previous month.
Compared with the same month of the previous year, inflation decreased to 0.2 percent in August in the United States, following the year-on-year rate of 0.2 percent recorded in July, while in Canada inflation declined to 1.3 percent in August, remaining stable compared to the previous month. In August, annual inflation in Italy increased to 0.2 percent, also remaining stable month-on-month, while in the UK it decreased to 0.0 percent, down from 0.1 percent recorded in July. In France annual inflation in August decreased to 0.0 percent from 0.2 percent in the previous month, while annual inflation in Germany declined to 0.2 percent in Germany, showing no change compared to July. Meanwhile, annual inflation decreased in Japan to 0.2 percent in August, remaining stable compared to July.