"Year-on-year headline inflation in the OECD, as measured by the Consumer Price Index (CPI), decreased to 3.3% in January 2026, down from 3.6% in December 2025. Headline inflation declined in 22 out of the 35 OECD countries for which data is available, remained stable in 8, and increased in only 5."
"Despite the recent slowdown in headline inflation, average price levels across the OECD were 35.6% higher in January 2026 than in December 2019, before the onset of the COVID-19 pandemic. Energy and food price levels have risen by 40.8% and 47.5%, respectively, since December 2019."
"In January, year-on-year headline inflation in the G7 area declined to 2.1%, down from 2.4% in December 2025. France recorded the lowest headline inflation in the G7 at 0.3%, down 0.5 p.p. from December, due to declines in both energy and core inflation. Headline inflation in Japan fell below 2% in January for the first time since March 2022."
OECD headline inflation fell to 3.3% in January 2026 from 3.6% in December 2025, with declining inflation in 22 of 35 countries and stable rates in 8 others. The number of OECD countries at or below 2% inflation increased from 9 to 15. Energy inflation turned negative at minus 0.6%, while food inflation declined slightly. However, average price levels remain 35.6% higher than December 2019 pre-pandemic levels, with energy and food prices up 40.8% and 47.5% respectively. G7 headline inflation decreased to 2.1%, with France at 0.3% and Japan falling below 2% for the first time since March 2022. Euro area inflation fell to 1.7%, driven primarily by energy declines.
Read at London Business News | Londonlovesbusiness.com
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