Annual inflation in the OECD slowed to 4.2 percent in March

By: Trademagazin Date: 2025. 05. 14. 12:23

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The average annual increase in consumer prices in the member countries of the Organization for Economic Co-operation and Development (OECD) was 4.2 percent in March this year, the lowest rate since July 2021, after 4.5 percent in February.

In March, the rate of price increases slowed in 18 of the organization’s 38 countries, with the largest declines (around 1.0 percentage points) in Estonia, Hungary, Norway and Turkey.

Inflation accelerated in 7 countries in March, and was stable or broadly stable in 13.

Inflation in March was 2 percent or below in 11 OECD countries, the same as in February. In Finland, France, Sweden and Switzerland, inflation did not reach 1 percent.

In the OECD, food prices rose by 4.8 percent year-on-year in March, after 4.4 percent in February. Energy price increases slowed to 3 percent in March, after 3.8 percent in the previous month.

Core inflation, which excludes food and energy prices, was 4.5 percent in March, after 4.7 percent in February.