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 July 2024. The world saw rising inflation through 2022 and 2023, 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 July 2024
The following 38 countries are members of OECD: Australia, Austria, Belgium, Canada, Chile, Colombia, Costa Rica, Czechia, 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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OECD. (September 20, 2024). Total monthly inflation rate in member countries of the Organization for Economic Co-Operation and Development (OECD) from January 2020 to July 2024 [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1332974/inflation-oecd-month/
OECD. "Total monthly inflation rate in member countries of the Organization for Economic Co-Operation and Development (OECD) from January 2020 to July 2024." Chart. September 20, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1332974/inflation-oecd-month/
OECD. (2024). Total monthly inflation rate in member countries of the Organization for Economic Co-Operation and Development (OECD) from January 2020 to July 2024. Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1332974/inflation-oecd-month/
OECD. "Total Monthly Inflation Rate in Member Countries of The Organization for Economic Co-operation and Development (Oecd) from January 2020 to July 2024." Statista, Statista Inc., 20 Sep 2024, https://www.statista.com/statistics/1332974/inflation-oecd-month/
OECD, Total monthly inflation rate in member countries of the Organization for Economic Co-Operation and Development (OECD) from January 2020 to July 2024 Statista, https://www.statista.com/statistics/1332974/inflation-oecd-month/ (last visited November 23, 2024)
Total monthly inflation rate in member countries of the Organization for Economic Co-Operation and Development (OECD) from January 2020 to July 2024 [Graph], OECD, September 20, 2024. [Online]. Available: https://www.statista.com/statistics/1332974/inflation-oecd-month/
