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OECD released its consumer price inflation (CPI) data on Tuesday. Consumer price inflation in the OECD area fell to 1.0% year-on-year in February from 1.2% in January. The decline was driven by a drop in energy prices.
Energy prices slid at an annual rate of 8.8% in February, down from a 5.4% fall in January, while food prices increased to 0.9% from 0.7%.
CPI excluding food and energy in the OECD area remained unchanged an annual rate to 1.9% in February.
February's CPI was 0.0% in Germany, 0.3% in Japan, -0.3% in Italy, 1.0% in the U.S, 1.4% in Canada, and 0.3% in the U.K.
The consumer price inflation in Eurozone was -0.2% in February, while the inflation in China was 2.3%.
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