Monthly inflation rate OECD 2023

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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 5.4 percent as of November 2023. The world has seen rising inflation through 2022, 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 November 2023

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Release date

January 2024

More information

Region

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

Survey time period

January 2020 to November 2023

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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