Inflation rate forecast in G7 countries 2024-2029

Published by
Einar H. Dyvik,
Oct 29, 2024

Inflation rates rose all around the world in 2022 and remained high in 2023, so also in the G7 countries except Japan. However, inflation rates were forecast to slow over the next years. 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.

Forecast of annual inflation rates in G7 countries from 2024 to 2029

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Release date

October 2024

Region

Canada, France, Germany, Italy, Japan, United Kingdom, United States

Survey time period

October 2024

Special properties

Average consumer prices

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Overview

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Gross Domestic Product

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Topics

Inflation in the U.S.Cost of living in the U.S.Inflation in EuropeConsumer Price Index and inflation in the U.S.Price indices around the world
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