OECD Inflation

Data Prices

Source: OECD
Source Link: https://www.oecd.org/
Frequency: Monthly
Next Release(s): May 6th, 2026 6:00 AM

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OECD headline inflation held steady at 4.1% YoY in August 2025, unchanged since March, as rising food and energy costs were offset by slightly softer core inflation.
- Headline inflation rose in 15 of the 38 OECD countries, fell in 13, and was broadly stable in 10; Costa Rica remained in deflation, while Türkiye continued to see inflation above 30%.
- OECD food inflation accelerated to 5.0% (from 4.5% in July), the highest since February 2024, with sharp increases in Türkiye, Korea, and Colombia.
- Food prices across the OECD were 45.8% higher than in December 2019, marking the largest cumulative gain among inflation components.
- Energy inflation increased to 0.7% (from 0.3%), while core inflation edged slightly lower to 4.3%, remaining the main driver of overall inflation.
- G7 inflation was stable at 2.7% YoY, rising modestly in Canada, Germany, and the U.S., but easing in Japan amid declines in food and energy prices.
- Euro area HICP inflation held at 2.0% for the third straight month in August, with food inflation steady at 3.2%; the September flash estimate showed a slight uptick to 2.2%.
- G20 inflation was broadly stable at 3.7%, with declines in China (-0.4%), Argentina, and South Africa offset by an increase in India.
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OECD headline inflation eased slightly to 4.1% YoY in July 2025 (from 4.2% in June), staying in the narrow 4.0–4.2% range seen since March.
- Headline inflation rose in 10 OECD countries, with Slovenia posting the largest gain (+0.6 ppts), while Mexico, Poland, and Türkiye saw declines of more than -0.5 ppts.
- Türkiye remained the only OECD country with double-digit inflation, while Costa Rica recorded its third straight month of deflation at -0.6% YoY.
- Food inflation held at 4.5% YoY, with increases in 21 OECD countries, declines in 12, and little change in 5.
- Core inflation was stable at 4.4% YoY, while energy inflation slowed to 0.3% (from 0.9% in June).
- G7 headline inflation held at 2.6% YoY and core at 3.0%; Canada and Japan saw declines on weaker energy prices, while other members remained broadly stable.
- Euro area HICP inflation stayed at 2.0% YoY in July, with food prices rising, energy declines moderating, and core inflation unchanged; August flash estimates show headline stable at 2.1%.
- G20 inflation was steady at 3.8% YoY, with increases in India, Indonesia, and South Africa, and declines in Argentina, Brazil, and Saudi Arabia; China’s inflation hovered near 0%.
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OECD headline inflation rose to 4.2% YoY in June 2025 from 4.0% in May, driven by increases in over half of member countries.
- Core inflation held steady at 4.5% YoY, while food inflation was unchanged at 4.6% YoY; energy inflation turned slightly positive after two months of declines.
- Inflation rose in 21 of 38 OECD countries; Türkiye remained highest at 35% YoY, while Costa Rica, Switzerland, and Finland recorded rates near 0%.
- G7 inflation rose to 2.6% YoY (from 2.4%), with notable increases in France, the U.S., and Canada; Japan saw a decline.
- Euro area HICP was stable at 2.0% YoY in June; flash estimates show unchanged headline and core inflation in July, while services inflation eased to 3.1%.
- G20 inflation remained at 3.9% YoY; Argentina fell to 39.4%, while China, Indonesia, and South Africa saw increases.
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OECD headline inflation fell to 4.0% YoY in May 2025 from 4.2% in April, marking the lowest level since June 2021.
- Core inflation declined to 4.4% YoY from 4.6%, with decreases in 24 OECD countries and increases in only 5.
- Food inflation was steady at 4.6% YoY; energy inflation dipped slightly to -0.3% YoY, with both categories up over 40% since Dec 2019.
- G7 inflation held at 2.4% YoY for a third straight month; core inflation remained the main driver, except in Japan.
- Euro area HICP dropped to 1.9% YoY in May (from 2.2%), driven by a decline in services inflation (-0.8pp); core slowed to 2.3%.
- G20 inflation eased to 3.9% YoY (from 4.1%), with Argentina falling sharply to 43.5% YoY, six times lower than a year ago.
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OECD headline inflation held steady at 4.2% YoY in April 2025, with food prices easing and energy prices turning slightly negative.
- OECD energy inflation fell to -0.2% YoY (from +0.3% in March), with declines in 29 countries; Türkiye and the UK saw sharp increases due to policy changes.
- Food inflation slowed to 4.5% YoY (from 4.8%), while core inflation was broadly stable at 4.6% (vs 4.5% prior).
- G7 inflation remained unchanged at 2.4% YoY; core inflation was the dominant driver except in Japan.
- Euro area HICP held at 2.2% YoY in April; flash estimate for May shows a drop to 1.9% YoY with core at 2.3% (-0.4pp) and services at 3.2% (-0.8pp).
- G20 inflation was stable at 4.1% YoY; Argentina remained elevated above 45% despite a decline.
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OECD year-on-year inflation slowed to 4.2% in March 2025 from 4.5% in February, the lowest since July 2021, despite a continued rise in food prices.
- OECD food inflation rose to 4.8% YoY in March from 4.4% in February, with notable increases in Chile, Greece, the Netherlands, and Türkiye.
- OECD energy inflation declined to 3.0% from 3.8%, with falls in 28 of 38 member countries.
- Core inflation eased to 4.5%, down from 4.7% and the lowest since November 2021.
- G7 inflation dropped to 2.4% YoY from 2.7%, with food inflation rising in Canada, Germany, France, and the US, while Italy saw a headline rise due to energy prices.
- Euro area HICP held at 2.2% in March; food prices rose, but energy inflation fell to -3.5% in April (flash estimate).
- G20 inflation remained stable at 4.2% YoY in March, with increases in Brazil, India, Indonesia, and Saudi Arabia; Argentina remained above 50%.
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