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.