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Falling energy prices push OECD annual inflation down to 0.5% in January 2015

Consumer prices, selected areas
January 2015, % change on the same month of the previous year

03/03/2015 - Annual inflation in the OECD area slowed to 0.5% in the year to January 2015, down from 1.1% in the year to December. This sharp decrease was caused by further falls in energy prices which declined by 12.0% in the year to January, compared with a decline of 6.3% in the year to December.

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