The rise of inflation was global in 2021 and 2022: Acceleration of core inflation from May 2021 through September 2022, compared with two years of pre-pandemic “normal” inflation (2018–2019)
| Country | Acceleration of core inflation |
|---|---|
| JPN | 0.7% |
| CHE | 1.7% |
| FRA | 2.4% |
| ESP | 2.8% |
| NOR | 3.1% |
| KOR | 3.7% |
| ITA | 3.8% |
| LUX | 3.8% |
| NLD | 4.2% |
| DNK | 4.4% |
| DEU | 4.5% |
| MEX | 4.6% |
| BEL | 4.6% |
| CAN | 4.7% |
| FIN | 4.8% |
| ISR | 5.1% |
| Non-US median | 5.2% |
| GRC | 5.2% |
| COL | 5.3% |
| IRL | 5.3% |
| AUT | 5.5% |
| GBR | 5.6% |
| SVN | 5.9% |
| USA | 6.0% |
| Non-US average | 6.1% |
| SWE | 6.4% |
| PRT | 6.8% |
| LVA | 7.2% |
| ISL | 7.5% |
| CHL | 9.9% |
| POL | 10.2% |
| LTU | 10.9% |
| SVK | 11.3% |
| HUN | 11.5% |
| EST | 12.2% |
| CZE | 14.4% |
Note: The acceleration of core inflation is measured as the annualized rate of inflation from May 2021 to September 2022 minus the average rate of inflation that prevailed in 2018–2019.
Source: Data from the Organisation for Economic Co-operation and Development (OECD 2022).