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OECD released its consumer price inflation (CPI) data on Thursday. Consumer price inflation in the OECD area remained unchanged at 0.6% year-on-year in August.
Energy prices dropped at an annual rate of 10.3% in August, while food prices increased to 1.4% in August from 1.3% in July.
CPI excluding food and energy in the OECD area remained unchanged an annual rate to 1.7% in August.
August's CPI was 0.2% in Germany, Italy, Japan and the U.S, 1.3% in Canada, and 0.0% in the U.K. The consumer price inflation in Eurozone was 0.1% in August, while the inflation in China was 1.4%.
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