OECD consumer prices remain stable
Share
Consumer prices in the countries of the Organisation for Economic Cooperation and Development (OECD) fell by 0.3 % in the year to September 2009.
This is the same rate as in August, according to data released by the OECD. Month-on-month, prices remained stable, compared with a rise of 0.2% in August.
The eurozone’s Harmonised Index of Consumer Prices (HICP), an indicator of inflation and price stability for the European Central Bank (ECB), showed an annual deflation rate of 0.3% in September. This is down from 0.2% deflation in August.
Month-on-month, the HICP remained stable, compared with a 0.3% rise in August.
America’s corresponding indicator, the Consumer Price Index (CPI), fell by 1.3% over the year to September, compared with a decline of 1.5% in the year to August.
In Japan, consumer prices dropped by 2.2% in the year to September, unchanged from the last two months.
Canada recorded a deflation rate of 0.9%, over the year to September. France’s deflation rate was 0.4% and Germany’s 0.3%. In Britain, annual inflation was 1.1% and in Italy 0.2%.
