"Year-on-year headline inflation in the OECD, as measured by the Consumer Price Index (CPI), remained stable at 4.1% in August 2025, having hovered around this rate since March. In August, it rose in 15 of the 38 OECD countries, declined in 13, and was stable or broadly stable in the remaining 10. Costa Rica fell further into deflation in August and inflation remained close to zero in Switzerland. Inflation was above 5.0% in Colombia and Estonia, and above 30% in Türkiye."
"In August, food price levels in the OECD were 45.8% higher than in December 2019, before the Covid pandemic, supply chain disruptions and start of the war in Ukraine. This marks the largest cumulative increase among the three main inflation components - core (inflation less food and energy), food, and energy. Prior to this period, it took around 16 years - from May 2003 to late 2019 - for food prices to increase by a similar magnitude."
"Energy inflation in the OECD also rose in August, reaching 0.7%, compared with 0.3% in July, while core inflation edged down slightly to 4.3%. In the G7, year-on-year headline inflation remained broadly stable at 2.7% in August. It increased by 0.2 p.p. in Canada, Germany, and the United States. By contrast, it fell in Japan, reflecting a decline in food inflation and an even stronger decline in energy inflation."
Year-on-year headline CPI inflation in the OECD remained at 4.1% in August 2025, having been near that rate since March. Inflation rose in 15 OECD countries, fell in 13, and was stable or broadly stable in 10. Costa Rica entered deeper deflation while Switzerland’s inflation stayed near zero; Colombia and Estonia exceeded 5.0%, and Türkiye exceeded 30%. Food inflation climbed to 5.0% in August, and OECD food price levels were 45.8% above December 2019, representing the largest cumulative increase among core, food, and energy components. Energy inflation rose to 0.7% and core inflation edged down to 4.3%. G7 headline inflation stayed around 2.7%, with increases in Canada, Germany and the United States and a fall in Japan.
Read at London Business News | Londonlovesbusiness.com
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