PARIS, 05 Oct. - (ANA)  - Annual inflation in the OECD area overall was stable at 1.2% in August 2020.

 

Energy prices continued to fall in August (minus 7.1%), but at a slower pace than in July (minus 8.4%), while food price inflation picked up slightly to 3.9%, compared with 3.8% in July. 

 

OECD annual inflation excluding food and energy decreased slightly, to 1.6% in August 2020, compared with 1.7% in July.

 

By contrast, inflation in the Euro area (as measured by the HICP ) fell sharply to (minus) 0.2%, from 0.4% in July, the first negative rate since May 2016. 

 

Excluding food and energy, annual inflation also dropped sharply to 0.4%, compared with 1.2% in July.   - (ANA) -

 

AB/ANA/05 October 2020 - - -