Economic Outlook No 117 — 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 — Headline inflation is currently reported for 28 countries. The highest value is 14.93 in Argentina; the lowest is 0.6202 in Switzerland.
The median across all reporting countries is 2.84, and the mean is 3.31.
The gap between the highest and lowest reporting country is a factor of about 24.
Over the past decade 17 countries rose and 11 fell. The largest increase was in Costa Rica (up 14,258.2%), and the largest decrease in Argentina (down 61.7%).
Economic Outlook No 117 — Headline inflation: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Argentina | 14.93 | 2026 | down 61.7% | volatile |
| 2 | Russia | 6.09 | 2026 | down 14.0% | volatile |
| 3 | Brazil | 4.98 | 2026 | down 43.0% | falling |
| 4 | South Africa | 4.23 | 2026 | down 32.6% | falling |
| 5 | India | 4.04 | 2026 | down 10.6% | falling |
| 6 | Colombia | 3.99 | 2026 | down 46.8% | volatile |
| 7 | Hungary | 3.62 | 2026 | up 817.1% | volatile |
| 8 | Romania | 3.36 | 2026 | up 316.3% | volatile |
| 9 | Chile | 3.33 | 2026 | down 12.2% | volatile |
| 10 | Mexico | 3.24 | 2026 | up 14.9% | volatile |
| 11 | OECD | 3.16 | 2026 | up 183.3% | volatile |
| 12 | United States | 3.12 | 2026 | up 146.5% | volatile |
| 13 | Indonesia | 2.96 | 2026 | down 15.9% | volatile |
| 14 | Israel | 2.93 | 2026 | up 646.8% | volatile |
| 15 | Bulgaria | 2.76 | 2026 | up 445.3% | volatile |
| 16 | Iceland | 2.73 | 2026 | up 60.9% | volatile |
| 17 | Costa Rica | 2.47 | 2026 | up 14,258.2% | volatile |
| 18 | Australia | 2.34 | 2026 | up 83.3% | volatile |
| 19 | Norway | 2.25 | 2026 | down 36.7% | volatile |
| 20 | Czechia | 2.12 | 2026 | up 210.5% | volatile |
| 21 | New Zealand | 2.1 | 2026 | up 225.7% | volatile |
| 22 | Canada | 2.1 | 2026 | up 46.6% | volatile |
| 23 | Peru | 2.06 | 2026 | down 42.7% | volatile |
| 24 | Japan | 1.97 | 2026 | up 1,648.7% | volatile |
| 25 | Sweden | 1.96 | 2026 | up 98.9% | volatile |
| 26 | Denmark | 1.72 | 2026 | up 589.3% | volatile |
| 27 | China (People’s Republic of) | 1.37 | 2026 | down 35.5% | volatile |
| 28 | Switzerland | 0.6202 | 2026 | up 242.7% | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
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