Annual inflation rate in the OECD area rose by 1.9 percent in the year to July, down from 2 percent in the year to June 2012 due to slower growth in energy and food prices, the Paris-based Organization for Economic Cooperation and Development (OECD) said in its latest monthly report Tuesday. In July 2012, energy price inflation saw a continued downward trend, slipping to 0.7 percent from 1.4 percent in June. Food price inflation went down from 2.8 percent in June to 2.3 percent in July, the lowest rate since September 2009, according to the report OECD figures showed that excluding food and energy, the annual inflation rate remained unchanged at 1.8 percent in July 2012. In the 34-nation bloc, Japan saw a continued fall in inflation by minus 0.4 percent. While annual inflation slowed sharply in the United States to 1.4 percent, it fell more moderately in Canada to 1.3 percent, and in Italy to 3.1 percent. Annual inflation in July remained stable in France at 1.9 percent and in Germany at 1.7 percent. In Britain, however, it increased to 2.6 percent. The report indicated that euro area annual inflation remained stable at 2.4 percent in July for the third consecutive month. OECD data showed annual inflation continued to decelerate in South Africa to 5 percent, in China to 1.8 percent and in India to 9.8 percent. By contrast, annual inflation accelerated sharply in Russia to 5.6 percent, more moderately in Brazil to 5.2 percent and in Indonesia to 4.6 percent.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor