Inflation in the OECD area decreased from 6% in December 2023 to 5.7% in January 2024: this is what the OECD itself announces, specifying that inflation has fallen in two thirds of the countries belonging to the international body based in Paris .
The largest declines (of one percentage point or more) are reported in the Czech Republic, Slovakia, Hungary, Austria and Iceland.
In the G7, inflation fell to 2.9% in January after 3.2% in December, the lowest level since April 2021. Inflation, the OECD continues, has fallen in all G7 countries , with the exception of Italy which increased slightly (0.8% in January versus 0.6% in December).
However, the Italian figure remains the lowest of the entire G7.
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