What’s on the Inflation Horizon in 2023?

Following the unprecedented price surges in 2022, what does the horizon hold for 2023? This chart looks at inflation rates in selected OECD countries from 2000-2023 to see how the first months of 2023 compare to previous years.

The latest OECD data shows that the decline from peak (October 2022 10.7%) continues, with year-on-year inflation in the OECD falling to 7.4% in April compared to 7.7% in March and 9.2% in January. The decline so far in 2023 looks to be broad-based accordring to the OECD data.

Read more: