Consumer price inflation in the Organization for Economic Cooperation and Development (OECD) area weakened in April, owing mainly to slower growth in energy prices, latest data showed.
Annual inflation dropped to 2.5 percent in April from 2.7 percent in March, which was the lowest rate in almost one year. In February, inflation was 2.8 percent.
Consumer prices of energy products advanced at a slower rate of 4.8 percent during the month than March's 6.5 percent. Excluding energy, overall inflation was 2 percent in April. Food products were costlier by 3.1 percent compared to last year, the agency said.
On a monthly basis, consumer prices in the OECD area moved up 0.3 percent in April, following the previous month's 0.6 percent growth.
In the United Kingdom inflation decelerated strongly to 3 percent in April from 3.5 percent in March, while in the United States it dropped to 2.3 percent from 2.7 percent. French inflation slowed to 2.1 percent in April from 2.3 percent in March, while inflation in Japan weakened to 0.4 percent from 0.5 percent.
Meanwhile, inflation in Germany remained stable at 2.1 percent during the month, while Italian inflation remained unchanged at 3.3 percent for the third consecutive month.
by RTT Staff Writer
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