Inflation in OECD countries was 1.2 percent in December

In December, the decline in energy prices slowed to 6.5 percent from 8.1 percent in November, while the rise in food prices was 3.2 percent after 3.4 percent in November.

In OECD countries, inflation excluding food and energy prices in December was 1.6 percent, the same as in the previous two months. (MTI)