Inflation rates rose all around the world in 2022, so also in the G7 countries, where inflation rates varied from 2.5 percent in Japan to over eight percent in Italy. Inflation rates increased sharply all around the world through 2022, spurred by Russia's invasion of Ukraine in February that year. Especially gas and electricity were hit by price increases following the outbreak of the Russia-Ukraine war. Inflation rates were falling in all G7 economies except for Japan in 2023.
Annual inflation rates in G7 countries from 2000 to 2023
Characteristic
Canada
France
Germany
Italy
United Kingdom
United States
Japan
2023
3.88%
4.88%
5.95%
5.62%
6.72%
4.12%
3.3%
2022
6.8%
5.2%
6.9%
8.2%
7.9%
8%
2.5%
2021
3.4%
1.6%
3.1%
1.9%
2.5%
4.7%
-0.3%
2020
0.7%
0.5%
0.1%
-0.1%
1%
1.2%
0%
2019
1.9%
1.1%
1.4%
0.6%
1.7%
1.8%
0.5%
2018
2.3%
1.9%
1.7%
1.1%
2.3%
2.4%
1%
2017
1.6%
1%
1.5%
1.2%
2.6%
2.1%
0.5%
2016
1.4%
0.2%
0.5%
-0.1%
1%
1.3%
-0.1%
2015
1.1%
0%
0.5%
0%
0.4%
0.1%
0.8%
2014
1.9%
0.5%
0.9%
0.2%
1.5%
1.6%
2.7%
2013
0.9%
0.9%
1.5%
1.2%
2.3%
1.5%
0.4%
2012
1.5%
2%
2%
3%
2.6%
2.1%
0%
2011
2.9%
2.1%
2.1%
2.8%
3.8%
3.2%
-0.3%
2010
1.8%
1.5%
1.1%
1.5%
2.5%
1.6%
-0.7%
2009
0.3%
0.1%
0.3%
0.8%
2%
-0.4%
-1.3%
2008
2.4%
2.8%
2.6%
3.3%
3.5%
3.8%
1.4%
2007
2.1%
1.5%
2.3%
1.8%
2.4%
2.9%
0.1%
2006
2%
1.7%
1.6%
2.1%
2.5%
3.2%
0.2%
2005
2.2%
1.7%
1.5%
2%
2.1%
3.4%
-0.3%
2004
1.9%
2.1%
1.7%
2.2%
1.4%
2.7%
0%
2003
2.8%
2.1%
1%
2.7%
1.4%
2.3%
-0.3%
2002
2.3%
1.9%
1.4%
2.5%
1.5%
1.6%
-0.9%
2001
2.5%
1.6%
2%
2.8%
1.6%
2.8%
-0.7%
2000
2.7%
1.7%
1.4%
2.5%
1.2%
3.4%
-0.7%
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OECD. (April 9, 2024). Annual inflation rates in G7 countries from 2000 to 2023 [Graph]. In Statista. Retrieved December 12, 2024, from https://www.statista.com/statistics/1370909/inflation-g7/
OECD. "Annual inflation rates in G7 countries from 2000 to 2023." Chart. April 9, 2024. Statista. Accessed December 12, 2024. https://www.statista.com/statistics/1370909/inflation-g7/
OECD. (2024). Annual inflation rates in G7 countries from 2000 to 2023. Statista. Statista Inc.. Accessed: December 12, 2024. https://www.statista.com/statistics/1370909/inflation-g7/
OECD. "Annual Inflation Rates in G7 Countries from 2000 to 2023." Statista, Statista Inc., 9 Apr 2024, https://www.statista.com/statistics/1370909/inflation-g7/
OECD, Annual inflation rates in G7 countries from 2000 to 2023 Statista, https://www.statista.com/statistics/1370909/inflation-g7/ (last visited December 12, 2024)
Annual inflation rates in G7 countries from 2000 to 2023 [Graph], OECD, April 9, 2024. [Online]. Available: https://www.statista.com/statistics/1370909/inflation-g7/
