Data from the Organization for Economic Cooperation and Development (OECD) released on Tuesday showed that inflation fell in OECD countries in January due to lower energy costs.
Prices in OECD member countries in January were at 2.2 percent, down from 2.3 percent recorded in December 2017.
"This slight decrease in annual inflation is the result of a change in energy prices," which increased by 4.7 percent year-on-year in January but at a lower pace than in December, according to the Paris-based think tank.
Inflation was down in Canada and Germany by 0.2 percent and 0.1 percent. The rate remained stable in the United States, Italy and Britain while it rose in Japan and France to 1.4 percent and 1.3 percent respectively.
Overall, euro area annual inflation slowed to 1.3 in January compared with 1.4 percent a month earlier, OECD data showed.
As for G20 member countries, annual consumer prices were unchanged at 2.7 percent.
Prices in OECD member countries in January were at 2.2 percent, down from 2.3 percent recorded in December 2017.
"This slight decrease in annual inflation is the result of a change in energy prices," which increased by 4.7 percent year-on-year in January but at a lower pace than in December, according to the Paris-based think tank.
Inflation was down in Canada and Germany by 0.2 percent and 0.1 percent. The rate remained stable in the United States, Italy and Britain while it rose in Japan and France to 1.4 percent and 1.3 percent respectively.
Overall, euro area annual inflation slowed to 1.3 in January compared with 1.4 percent a month earlier, OECD data showed.
As for G20 member countries, annual consumer prices were unchanged at 2.7 percent.
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