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The OECD area annual inflation increased in July, a report by the Organization for Economic Co-Operation and Development showed on Tuesday.
The consumer price index, or CPI, rose 1.6% year-on-year in July, faster than 1.5% in the previous month. A year earlier, consumer prices decreased 0.6%.
Food prices increased 1.1% annually in July, compared to a 0.6% rise in the previous month. Similarly, energy price inflation rose to 6.2% from 4.7% in June.
On a monthly basis, the CPI remained unchanged for the second consecutive month in July.
The CPI, excluding food and energy prices, increased 1.2% on an annual basis in July, slower than 1.3% in the previous month.
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