Year-on-year inflation in the OECD dropped to 4.5% as of February 2025, a slight reduction from 4.7% in January. This decrease was accompanied by declines in 15 out of 38 OECD nations, with notable increases occurring in Estonia and Norway. Energy inflation reduced to 3.6%, while food inflation remained stable despite rising in many countries. In the G7, total inflation decreased to 2.7%, driven by drops in several member states, particularly France. The euro area also saw a decline, with HICP inflation at 2.3%, largely influenced by energy prices.
Year-on-year inflation in the OECD slowed to 4.5% in February 2025, down from 4.7% in January, with declines noted in 15 of the 38 countries.
Japan's inflation declined moderately due to a drop in energy costs, yet still holds the highest inflation rate among G7 countries.
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