3 Feb 2015
OECD December inflation falls to lowest since 2009
FXStreet (Mumbai) - As per the data from the Organization for Economic Cooperation and Development (OECD), the consumer price inflation in developed economies fell to the lowest level in five years during December.
The CPI rose 1.1% year-on-year in December following a 1.5% rise in November. This is the lowest reading since October 2009, when CPI stood at 0.2%. The fall was almost entirely caused by the decline in the energy prices – down 6.3% in December – compared a 2.2% fall seen in November. Meanwhile, food price inflation remained unchanged at 2.5% in December.
Inflation rose sharply in Russia, Indonesia and India during December.
The CPI rose 1.1% year-on-year in December following a 1.5% rise in November. This is the lowest reading since October 2009, when CPI stood at 0.2%. The fall was almost entirely caused by the decline in the energy prices – down 6.3% in December – compared a 2.2% fall seen in November. Meanwhile, food price inflation remained unchanged at 2.5% in December.
Inflation rose sharply in Russia, Indonesia and India during December.