OECD members Inflation Rate 1960-2024
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
- OECD members inflation rate for 2023 was 5.68%, a 2.56% decline from 2022.
- OECD members inflation rate for 2022 was 8.24%, a 5.42% increase from 2021.
- OECD members inflation rate for 2021 was 2.82%, a 2.08% increase from 2020.
- OECD members inflation rate for 2020 was 0.73%, a 1.01% decline from 2019.
| OECD members Inflation Rate - Historical Data |
| Year |
Inflation Rate (%) |
Annual Change |
| 2023 |
5.68% |
-2.56% |
| 2022 |
8.24% |
5.42% |
| 2021 |
2.82% |
2.08% |
| 2020 |
0.73% |
-1.01% |
| 2019 |
1.74% |
-0.19% |
| 2018 |
1.93% |
0.11% |
| 2017 |
1.82% |
1.38% |
| 2016 |
0.44% |
0.10% |
| 2015 |
0.34% |
-0.29% |
| 2014 |
0.62% |
-0.83% |
| 2013 |
1.45% |
-1.08% |
| 2012 |
2.53% |
-0.84% |
| 2011 |
3.37% |
1.57% |
| 2010 |
1.81% |
0.70% |
| 2009 |
1.10% |
-3.01% |
| 2008 |
4.11% |
1.63% |
| 2007 |
2.48% |
-0.12% |
| 2006 |
2.60% |
0.13% |
| 2005 |
2.47% |
0.21% |
| 2004 |
2.26% |
0.07% |
| 2003 |
2.18% |
-0.29% |
| 2002 |
2.48% |
-0.71% |
| 2001 |
3.19% |
0.13% |
| 2000 |
3.06% |
0.89% |
| 1999 |
2.17% |
0.07% |
| 1998 |
2.11% |
-0.16% |
| 1997 |
2.27% |
-0.73% |
| 1996 |
3.00% |
-1.35% |
| 1995 |
4.35% |
0.85% |
| 1994 |
3.50% |
-1.10% |
| 1993 |
4.60% |
-0.46% |
| 1992 |
5.06% |
-0.88% |
| 1991 |
5.93% |
-0.79% |
| 1990 |
6.72% |
0.46% |
| 1989 |
6.26% |
0.43% |
| 1988 |
5.82% |
1.08% |
| 1987 |
4.75% |
-0.54% |
| 1986 |
5.29% |
-1.44% |
| 1985 |
6.73% |
-0.94% |
| 1984 |
7.67% |
-1.20% |
| 1983 |
8.87% |
-2.47% |
| 1982 |
11.34% |
-2.30% |
| 1981 |
13.64% |
0.01% |
| 1980 |
13.63% |
3.51% |
| 1979 |
10.13% |
1.51% |
| 1978 |
8.62% |
-2.56% |
| 1977 |
11.18% |
-0.45% |
| 1976 |
11.64% |
-2.52% |
| 1975 |
14.16% |
-1.39% |
| 1974 |
15.55% |
6.41% |
| 1973 |
9.14% |
2.58% |
| 1972 |
6.56% |
0.17% |
| 1971 |
6.40% |
0.66% |
| 1970 |
5.73% |
2.24% |
| 1969 |
3.49% |
-0.61% |
| 1968 |
4.09% |
0.51% |
| 1967 |
3.58% |
-0.59% |
| 1966 |
4.17% |
-0.01% |
| 1965 |
4.19% |
0.74% |
| 1964 |
3.44% |
0.48% |
| 1963 |
2.97% |
-1.30% |
| 1962 |
4.26% |
2.11% |
| 1961 |
2.16% |
0.21% |
| 1960 |
1.95% |
0.21% |
