Statistical release, 5 june 2025
Year-on-year inflation in the OECD as measured by the Consumer Price Index (CPI) was stable at 4.2% in April 2025. Year-on-year energy inflation in the OECD fell to minus 0.2% in April, down from 0.3% in March.
Core inflation (inflation less food and energy) was broadly stable at 4.6% from 4.5% in March. Year-on-year inflation in the G7 was stable at 2.4% in April, despite declines in energy and food inflation.
In the euro area, year-on-year inflation as measured by the Harmonised Index of Consumer Prices (HICP) remained stable at 2.2% in April. In May 2025, according to Eurostat’s flash estimate, year-on-year headline inflation in the euro area fell to 1.9%.
In the G20, year-on-year inflation was broadly stable at 4.1% in April from 4.2% in March.
