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Europe Daily Bulletin No. 9955

5 August 2009
GENERAL NEWS / (eu) eu/oecd/economy
Consumer price index falls 0.1% in June 2009, excluding food and energy

Brussels, 04/08/2009 (Agence Europe) - According to an OECD press release published on 4 August, consumer prices in the OECD area fell by 0.1 % in the year to June 2009, compared with a rise of 0.1% in the year to May. Month-on-month, prices rose by 0.4% in June, compared with 0.2% in May 2009. Much of the recent trend inflation has been driven by the volatility in oil prices, which touched record highs over the summer of 2008, highlighting the need for care in interpreting the negative...