"Year-on-year headline inflation in the OECD as measured by the Consumer Price Index (CPI) declined to 3.9% in November 2025, down from 4.2% in September 2025, the closest month with complete CPI data for all OECD countries. Over the same period, OECD food inflation and core inflation (inflation less food and energy) decreased by 1.0 and 0.2 percentage points (p.p.) respectively, both reaching 4.0%."
"From September to November, year-on-year headline inflation also declined in the G7 (‑0.3 p.p.) and G20 (-0.2 p.p.). In the United States, headline inflation fell by 0.3 p.p. over this period, driven by lower core and food inflation despite an increase in energy inflation. Between October and November 2025, year-on-year headline inflation was stable or broadly stable in 17 of the 37 OECD countries. It declined in 13 countries and increased in only 7."
OECD headline CPI inflation declined to 3.9% in November 2025 from 4.2% in September 2025. OECD food inflation and core inflation fell by 1.0 and 0.2 percentage points respectively, both reaching 4.0%. Energy inflation rose to 3.5% from 3.1% in September. Headline inflation declined in the G7 (-0.3 p.p.) and G20 (-0.2 p.p.). In the United States, headline inflation fell by 0.3 p.p., driven by lower core and food inflation despite higher energy inflation. Between October and November 2025, headline inflation was stable or broadly stable in 17 of 37 OECD countries, declined in 13, and rose in 7. Türkiye remained above 30% despite a 1.8 p.p. fall, while Costa Rica recorded -0.4%. Food inflation fell in 20 OECD countries and rose in 12. Energy inflation increased in 21 countries and fell in 12. Among G7 countries, headline inflation was stable in Canada, France, Germany, Italy, and Japan, while the United Kingdom recorded a second consecutive 0.3 p.p. decline. Core inflation remained the main contributor to headline inflation in most G7 countries.
Read at London Business News | Londonlovesbusiness.com
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