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Inflation halves due to corona...

International

Inflation halves due to coronavirus

Rebecca Noonan
Rebecca Noonan

11:55 2 Apr 2020


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The rate of inflation almost halved in the OECD area last month due to the impact of the coronavirus.

The organisation is made up of 36 countries throughout Europe.

According to Eurostat's estimate, inflation fell to 0.7 per cent in March - compared to 1.2 per cent in February.

The drop was almost entirely down to declining energy prices, with oil prices halving last month.


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