OECD members Inflation Rate 1960-2021

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.
  • OECD members inflation rate for 2020 was 0.74%, a 1% decline from 2019.
  • OECD members inflation rate for 2019 was 1.74%, a 0.21% decline from 2018.
  • OECD members inflation rate for 2018 was 1.95%, a 0.1% increase from 2017.
  • OECD members inflation rate for 2017 was 1.85%, a 1.36% increase from 2016.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
South Asia 5.69%
Sub-Saharan Africa 3.22%
World 1.94%
North America 0.98%
OECD members 0.74%
European Union 0.51%
Euro Area 0.35%
OECD members Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2020 0.74% -1.00%
2019 1.74% -0.21%
2018 1.95% 0.10%
2017 1.85% 1.36%
2016 0.49% 0.12%
2015 0.37% -0.25%
2014 0.62% -0.82%
2013 1.44% -1.05%
2012 2.49% -0.86%
2011 3.34% 1.53%
2010 1.81% 0.62%
2009 1.19% -2.96%
2008 4.15% 1.69%
2007 2.46% -0.21%
2006 2.67% 0.18%
2005 2.49% 0.20%
2004 2.29% 0.02%
2003 2.27% -0.22%
2002 2.49% -0.88%
2001 3.37% 0.29%
2000 3.09% 0.90%
1999 2.19% -0.06%
1998 2.25% -0.08%
1997 2.34% -0.73%
1996 3.07% -1.41%
1995 4.48% 0.43%
1994 4.05% -0.57%
1993 4.63% -0.54%
1992 5.16% -0.93%
1991 6.09% -0.94%
1990 7.03% 1.02%
1989 6.01% -0.09%
1988 6.10% 1.10%
1987 5.00% -0.56%
1986 5.56% -1.28%
1985 6.84% -1.02%
1984 7.86% -1.31%
1983 9.17% -2.18%
1982 11.35% -2.75%
1981 14.10% 0.39%
1980 13.71% 3.06%
1979 10.65% 1.67%
1978 8.97% -1.95%
1977 10.92% 0.90%
1976 10.02% -3.18%
1975 13.20% -2.15%
1974 15.35% 6.42%
1973 8.92% 2.57%
1972 6.36% 0.13%
1971 6.22% 0.49%
1970 5.73% 2.24%
1969 3.49% -0.57%
1968 4.06% 0.53%
1967 3.53% -0.67%
1966 4.20% 0.07%
1965 4.13% 0.71%
1964 3.42% 0.47%
1963 2.95% -1.28%
1962 4.23% 2.01%
1961 2.22% 0.48%
1960 1.74% 0.48%