Headline inflation increased in 23 OECD countries, with the largest rises—of 1 percentage point (pp) or more—in Belgium, Chile, Greece, Italy and Turkiye.
By contrast, inflation remained broadly stable in six OECD countries and declined in nine, with the largest fall (of 0.6 pp) in Sweden, where falling food prices more than offset the surge in energy prices.
YoY OECD CPI inflation rose to 4.4 per cent in April from 4 per cent in March.
Headline inflation rose in 23 OECD nations, stayed broadly stable in six and fell in nine.
OECD’s YoY energy inflation reached 13.2 per cent in April—up by 5.1 pp from March.
Thirty one out of 37 OECD countries with available data saw a rise in energy inflation.
Core inflation was broadly stable at 3.6 per cent.
OECD energy inflation continued to surge YoY in April, reaching 13.2 per cent—up by 5.1 pp from March.
Core inflation (excluding food and energy) remained broadly stable at 3.6 per cent. Most OECD countries—31 out of 37 with available data—recorded an increase in energy inflation.
Despite an increase, inflation remained negative in Colombia, Costa Rica, Denmark, Iceland and Japan.
YoY headline inflation in the G7 increased to 3.2 per cent in April from 2.8 per cent in March. Among G7 countries, headline inflation was highest in the United States at 3.8 per cent, its highest level since May 2023.
Inflation in Canada, France, Germany and Italy also rose to levels last seen in 2023 or 2024. By contrast, in the United Kingdom, core inflation fell to 2.8 per cent—its lowest level since September 2021—contributing to a decline in overall inflation.
YoY energy inflation in the G7 reached 13.6 per cent, with double-digit energy inflation rates recorded in Canada, France, Germany and the United States. Core inflation remained the main contributor to headline inflation in the three G7 countries with the highest inflation rates—Germany, the United Kingdom and the United States, an OECD release said.
In the G20, YoY headline inflation increased to 4.3 per cent in April from 4 per cent in March. Headline inflation increased in Brazil, China, India and South Africa. It fell in Indonesia, and, to a lesser extent, in Argentina, while it remained broadly stable in Saudi Arabia.
Fibre2Fashion News Desk (DS)
