OECD released its consumer price inflation (CPI) data on Tuesday. Consumer price inflation in the OECD area remained unchanged at 0.6% year-on-year in July.
Energy prices dropped at an annual rate of 9.5% in July, food prices decreased to 1.3% in July from 1.5% in June.
PI excluding food and energy in the OECD area rose to an annual rate to 1.7% in July from 1.6% in June.
July's CPI was 0.2% in the U.K, 1.3% in Canada, 0.2% in the U.S., 0.2% in Germany and 0.2% in Japan.
The consumer price inflation in the Eurozone was 0.2% in July.
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