The annual monthly inflation rate in the Organization for Economic Co-Operation and Development (OECD) increased steadily from February 2021 to October 2022, when the inflation rate reached 10.7 percent compared to the same month the previous year. However, it has been slowing slightly since, dropping to 5.8 percent as of March 2024. The world saw rising inflation through 2022 and 2023, driven by an aftermath of the COVID-19 pandemic and further spurred by Russia's invasion of Ukraine in February 2022.
Total monthly inflation rate in member countries of the Organization for Economic Co-Operation and Development (OECD) from January 2020 to March 2024
Characteristic
CPI change compared to same period last year
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Canada, France, Germany, Italy, Japan, United Kingdom, United States
Survey time period
January 2020 to March 2024
Special properties
COICOP 1999 classification
Supplementary notes
The following 38 countries are members of OECD: Australia, Austria, Belgium, Canada, Chile, Colombia, Costa Rica, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Israel, Italy, Japan, Latvia, Lithuania, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Slovakia, Slovenia, South Korea, Spain, Sweden, Switzerland, Turkey, United Kingdom, and United States.
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OECD. (May 14, 2024). Total monthly inflation rate in member countries of the Organization for Economic Co-Operation and Development (OECD) from January 2020 to March 2024 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1332974/inflation-oecd-month/
OECD. "Total monthly inflation rate in member countries of the Organization for Economic Co-Operation and Development (OECD) from January 2020 to March 2024." Chart. May 14, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1332974/inflation-oecd-month/
OECD. (2024). Total monthly inflation rate in member countries of the Organization for Economic Co-Operation and Development (OECD) from January 2020 to March 2024. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1332974/inflation-oecd-month/
OECD. "Total Monthly Inflation Rate in Member Countries of The Organization for Economic Co-operation and Development (Oecd) from January 2020 to March 2024." Statista, Statista Inc., 14 May 2024, https://www.statista.com/statistics/1332974/inflation-oecd-month/
OECD, Total monthly inflation rate in member countries of the Organization for Economic Co-Operation and Development (OECD) from January 2020 to March 2024 Statista, https://www.statista.com/statistics/1332974/inflation-oecd-month/ (last visited July 22, 2024)
Total monthly inflation rate in member countries of the Organization for Economic Co-Operation and Development (OECD) from January 2020 to March 2024 [Graph], OECD, May 14, 2024. [Online]. Available: https://www.statista.com/statistics/1332974/inflation-oecd-month/