OECD area inflation hits 2-year low in January

Consumer price index of the Organization for Economic Cooperation and Development area fell notably in January hitting its lowest level since November 2010, a data showed on Tuesday. OECD's inflation decelerated from December's level of 1.9% to 1.7% in January, when the biggest impact had a slower growth of energy price with the rise of 1.8% in January compared to a 2.9% gain in December.