Global economy

Inflation rates vary widely across countries

08/06/2022 PNG

Inflation has increased globally but by how much varies by country. Inflation is particularly high in economies where buoyant demand, tighter labour markets and greater wage increases are amplifying the food and energy price shock. Governments have stepped in with a range of measures to keep energy and food prices down or to compensate households and firms for the price increases.

See also: OECD Economic Outlook, June 2022.