The annual inflation rate of the 34 Organization for Economic Co-operation and Development (OECD) member countries was stable at 1.6 percent in October this year, when compared to the previous month, according to the latest figures.
Excluding food and energy, annual inflation fell to two percent in October, compared with 2.1 percent in September.
Compared with September, annual inflation in October decreased to 1.5 percent in the UK from 1.7 percent and fell to 1.1 percent in Germany from 1.2 percent, moved down to 0.8 percent in France from 0.9 percent and fell to 0.2 percent in Italy from 0.3 percent. In October as compared with September, annual inflation grew to 1.8 percent in the US from 1.7 percent, while it remained stable at 1.9 percent in Canada and at 0.2 percent in Japan.