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.