Economic Outlook No 117 — Harmonised headline inflation by country
The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the...
What the numbers show
Economic Outlook No 117 — Harmonised headline inflation is currently reported for 12 countries. The highest value is 2.28 in United Kingdom; the lowest is 1.66 in France.
The median across all reporting countries is 1.91, and the mean is 1.96.
Over the past decade 11 countries rose and 1 fell. The largest increase was in Greece (up 15,235.6%), and the largest decrease in Belgium (down 0.7%).
Economic Outlook No 117 — Harmonised headline inflation: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | United Kingdom | 2.28 | 2026 | up 256.1% | volatile |
| 2 | Portugal | 2.15 | 2026 | up 238.0% | volatile |
| 3 | Germany | 2.13 | 2026 | up 479.6% | volatile |
| 4 | Greece | 2.04 | 2026 | up 15,235.6% | volatile |
| 5 | Ireland | 2 | 2026 | up 1,059.6% | volatile |
| 6 | Austria | 1.92 | 2026 | up 97.7% | volatile |
| 7 | Spain | 1.91 | 2026 | up 666.3% | volatile |
| 8 | Italy | 1.88 | 2026 | up 3,869.4% | volatile |
| 9 | Finland | 1.87 | 2026 | up 381.4% | volatile |
| 10 | Luxembourg | 1.86 | 2026 | up 4,747.5% | volatile |
| 11 | Belgium | 1.76 | 2026 | down 0.7% | volatile |
| 12 | France | 1.66 | 2026 | up 444.3% | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Netherlands 2.52
- Slovak Republic 2.47
- Lithuania 2.47
- Croatia 2.37
- Latvia 2.41
- Slovenia 2.33
- Estonia 2.27
About this data
The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the induced effect on each of them on international developments. OECD (2025), OECD Economic Outlook No 117 (Edition 2025/1) EO117 Database documentation EO117 Last historical points gdp inflation cpi population unemployment real gdp gdp per capita employment OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact : eco.outlook@oecd.org Keywords : Outlook, forecasts, forecast, GDP