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OECD released its consumer price inflation (CPI) data. Consumer price inflation in the OECD area declined to an annual rate of 0.4% in April from 0.6% in March.
The decline was driven by lower energy prices, which dropped 11.5%. Food prices decreased to 1.7% in April from 1.9% in March.
CPI excluding food and energy in the OECD area fell to an annual rate to 1.6% in April from 1.7% in March.
April's CPI was 0.1% in the U.K., 0.8% in Canada, 0.5% in Germany and 0.6% in Japan. The consumer price inflation in Russia reached 16.4% in April.
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