OECD members - Inflation

Inflation, consumer prices (annual %)

The value for Inflation, consumer prices (annual %) in OECD members was 2.82 as of 2021. As the graph below shows, over the past 61 years this indicator reached a maximum value of 15.55 in 1974 and a minimum value of 0.34 in 2015.

Definition: 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.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1960 1.95
1961 2.16
1962 4.26
1963 2.97
1964 3.44
1965 4.19
1966 4.17
1967 3.58
1968 4.09
1969 3.49
1970 5.73
1971 6.40
1972 6.56
1973 9.14
1974 15.55
1975 14.16
1976 11.64
1977 11.18
1978 8.62
1979 10.13
1980 13.63
1981 13.64
1982 11.34
1983 8.87
1984 7.67
1985 6.73
1986 5.29
1987 4.75
1988 5.82
1989 6.26
1990 6.72
1991 5.93
1992 5.06
1993 4.60
1994 3.50
1995 4.35
1996 3.00
1997 2.27
1998 2.11
1999 2.17
2000 3.06
2001 3.19
2002 2.48
2003 2.18
2004 2.26
2005 2.47
2006 2.60
2007 2.48
2008 4.11
2009 1.10
2010 1.81
2011 3.37
2012 2.53
2013 1.45
2014 0.62
2015 0.34
2016 0.44
2017 1.82
2018 1.93
2019 1.74
2020 0.73
2021 2.82

Inflation, GDP deflator (annual %)

The value for Inflation, GDP deflator (annual %) in OECD members was 1.43 as of 2020. As the graph below shows, over the past 59 years this indicator reached a maximum value of 16.38 in 1974 and a minimum value of 1.09 in 2016.

Definition: Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1961 3.27
1962 4.02
1963 3.68
1964 4.72
1965 4.20
1966 4.96
1967 3.59
1968 4.28
1969 5.05
1970 6.68
1971 7.11
1972 6.97
1973 11.85
1974 16.38
1975 14.51
1976 14.02
1977 11.42
1978 9.41
1979 9.73
1980 13.24
1981 11.63
1982 10.51
1983 8.19
1984 7.07
1985 5.22
1986 5.06
1987 4.83
1988 6.13
1989 6.07
1990 5.20
1991 5.41
1992 3.60
1993 3.99
1994 2.59
1995 3.81
1996 3.78
1997 2.79
1998 2.83
1999 2.41
2000 3.17
2001 3.39
2002 2.93
2003 2.49
2004 2.76
2005 2.59
2006 2.87
2007 2.89
2008 3.13
2009 1.75
2010 1.27
2011 1.88
2012 1.85
2013 1.61
2014 1.52
2015 1.23
2016 1.09
2017 1.82
2018 2.00
2019 2.04
2020 1.43

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices