Inflation rates rose all around the world in 2022, so also in the G7 countries, where inflation rates varied from 2.5 percent in Japan to over eight percent in Italy. 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. Inflation rates were falling in all G7 economies except for Japan in 2023.
Annual inflation rates in G7 countries from 2000 to 2023
Characteristic
Canada
France
Germany
Italy
United Kingdom
United States
Japan
2023
3.88%
4.88%
5.95%
5.62%
6.72%
4.12%
3.3%
2022
6.8%
5.2%
6.9%
8.2%
7.9%
8%
2.5%
2021
3.4%
1.6%
3.1%
1.9%
2.5%
4.7%
-0.3%
2020
0.7%
0.5%
0.1%
-0.1%
1%
1.2%
0%
2019
1.9%
1.1%
1.4%
0.6%
1.7%
1.8%
0.5%
2018
2.3%
1.9%
1.7%
1.1%
2.3%
2.4%
1%
2017
1.6%
1%
1.5%
1.2%
2.6%
2.1%
0.5%
2016
1.4%
0.2%
0.5%
-0.1%
1%
1.3%
-0.1%
2015
1.1%
0%
0.5%
0%
0.4%
0.1%
0.8%
2014
1.9%
0.5%
0.9%
0.2%
1.5%
1.6%
2.7%
2013
0.9%
0.9%
1.5%
1.2%
2.3%
1.5%
0.4%
2012
1.5%
2%
2%
3%
2.6%
2.1%
0%
2011
2.9%
2.1%
2.1%
2.8%
3.8%
3.2%
-0.3%
2010
1.8%
1.5%
1.1%
1.5%
2.5%
1.6%
-0.7%
2009
0.3%
0.1%
0.3%
0.8%
2%
-0.4%
-1.3%
2008
2.4%
2.8%
2.6%
3.3%
3.5%
3.8%
1.4%
2007
2.1%
1.5%
2.3%
1.8%
2.4%
2.9%
0.1%
2006
2%
1.7%
1.6%
2.1%
2.5%
3.2%
0.2%
2005
2.2%
1.7%
1.5%
2%
2.1%
3.4%
-0.3%
2004
1.9%
2.1%
1.7%
2.2%
1.4%
2.7%
0%
2003
2.8%
2.1%
1%
2.7%
1.4%
2.3%
-0.3%
2002
2.3%
1.9%
1.4%
2.5%
1.5%
1.6%
-0.9%
2001
2.5%
1.6%
2%
2.8%
1.6%
2.8%
-0.7%
2000
2.7%
1.7%
1.4%
2.5%
1.2%
3.4%
-0.7%
Zoomable Statistic: Select the range in the chart you want to zoom in on.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
OECD. (April 9, 2024). Annual inflation rates in G7 countries from 2000 to 2023 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1370909/inflation-g7/
OECD. "Annual inflation rates in G7 countries from 2000 to 2023." Chart. April 9, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1370909/inflation-g7/
OECD. (2024). Annual inflation rates in G7 countries from 2000 to 2023. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1370909/inflation-g7/
OECD. "Annual Inflation Rates in G7 Countries from 2000 to 2023." Statista, Statista Inc., 9 Apr 2024, https://www.statista.com/statistics/1370909/inflation-g7/
OECD, Annual inflation rates in G7 countries from 2000 to 2023 Statista, https://www.statista.com/statistics/1370909/inflation-g7/ (last visited November 21, 2024)
Annual inflation rates in G7 countries from 2000 to 2023 [Graph], OECD, April 9, 2024. [Online]. Available: https://www.statista.com/statistics/1370909/inflation-g7/
