OECD area annual inflation stable at 1.2% in December

By Yunus Girgin

ANKARA (AA) - Consumer prices inflation in the Organization for Economic Cooperation and Development (OECD) area was stable at 1.2% in December compared to November, the organization said on Friday.

Energy prices continued to diminish by minus 6.5% at a slower pace than November (minus 8.1%), while food prices inflation also slowed to 3.2% versus 3.4% in November.

Meanwhile, OECD annual inflation excluding food and energy was also constant for the third consecutive month, reading 1.6% in December.