OECD area inflation rises 1.7% in February

ANKARA

Consumer prices inflation in the Organization for Economic Cooperation and Development (OECD) area rose 1.7% year-on-year in February, the organization said on Tuesday.

The figure in January was 1.5%.

"The decrease in energy prices moderated to minus 0.1%, from (minus) 3.9% in January, while food price inflation hardly slowed and stood at 3.0%, compared with 3.1% in January," it noted.

Meanwhile, OECD annual inflation, excluding food and energy, slightly decrease to 1.6% in February compared to 1.7% in January.