Inflation in OECD area climbs at slower rate in March

Organization for Economic Cooperation and Development area's annual inflation slowed down in March after it moved up the month before mainly due to weaker growth in prices of energy and food, the organization's report showed on Tuesday. The OECD's area inflation rose annually by 1.6% in March following a 1.8% gain in February and a 1.7% climb in January.