Very hard to see global overheating: Unemployment improvement and inflation acceleration across countries
| Unemployment improvement | Inflation acceleration | |
|---|---|---|
| AUT | 0.36 | 5.5% |
| BEL | 0.02 | 4.6% |
| CAN | 0.69 | 4.7% |
| CHL | -0.33 | 9.9% |
| COL | -1.06 | 5.3% |
| CZE | -0.23 | 14.4% |
| DEU | 0.10 | 4.5% |
| DNK | 0.80 | 4.4% |
| ESP | 1.92 | 2.8% |
| EST | -0.75 | 12.2% |
| FIN | 0.31 | 4.8% |
| FRA | 1.30 | 2.4% |
| GBR | 0.25 | 5.6% |
| HUN | 0.02 | 11.5% |
| IRL | 0.96 | 5.3% |
| ISL | -0.47 | 7.5% |
| ISR | 0.32 | 5.1% |
| ITA | 2.20 | 3.8% |
| JPN | -0.18 | 0.7% |
| KOR | 1.07 | 3.7% |
| LTU | 0.85 | 10.9% |
| LUX | 1.21 | 3.8% |
| LVA | 0.30 | 7.2% |
| MEX | 0.12 | 4.6% |
| NLD | 1.16 | 4.2% |
| NOR | 0.76 | 3.1% |
| POL | 0.97 | 10.2% |
| PRT | 0.95 | 6.8% |
| SVK | 0.03 | 11.3% |
| SVN | 0.52 | 5.9% |
| SWE | -0.61 | 6.4% |
| USA | 0.20 | 6.0% |
Notes: 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. The improvement in unemployment is average unemployment in 2019 minus unemployment rate that prevailed as of September 2022.
Source: Data from the Organisation for Economic Co-operation and Development (OECD 2022).