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Export restrictions on critical raw materials have increased steadily in the past 15 years, reaching an all-time high. This trend increases risks to global supply chains.
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OECD headline inflation rises to 4.0% in March 2026 as energy prices surge
Year-on-year inflation in the OECD as measured by the Consumer Price Index (CPI) rose to 4.0% in March 2026 from 3.4% in February, driven by an 8.6 percentage-point (p.p.) increase in energy inflation.
In March, year-on-year headline inflation in the G7 rose to 2.8% from 2.1% in February, mainly reflecting a 10 p.p. jump in energy inflation to 8.2%. Inflation increased in every G7 country, with rises of 0.8 p.p. or more in France, Germany and the United States. Energy inflation surpassed 7.0% in France and Germany and reached 12.5% in the United States. Despite increases, energy inflation remained negative in Japan, where government subsidies were in effect, as was the case in Italy. While the contribution of energy prices to headline inflation increased in all G7 countries, core inflation remained the main driver of headline inflation across the G7.
Publications
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Working paper
Evidence from selected countries and the European Union
7 May 202658 Pages
Featured topics
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Analysis and insights for driving a rapid transition to net zero while building resilience to physical climate impacts.Learn more
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The OECD designs international standards and guidelines for development co-operation, based on best practices, and monitors their implementation by its members. It works closely with member and partner countries, and other stakeholders (such as the United Nations and other multilateral entities) to help them implement their development commitments. It also invites developing country governments to take an active part in policy dialogue.Learn more
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Despite progress in recent years, more work needs to be done across all OECD countries to secure gender equality, with women and girls still facing inappropriate disadvantages and barriers in most spheres of social and economic life. Gender equality must remain a priority, as a matter of basic human rights and long-term economic wellbeing and prosperity. It drives economic growth, strengthens democracy, enhances social cohesion and increases the well-being of all members of society.Learn more
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Global value chains (GVCs) account for about 70% of international trade, as services, raw materials, parts, and components cross borders – often multiple times. As the trend toward cross-border supply chains increases, new challenges are emerging around sustainability, efficiency, and resilience. This growing complexity calls for policies that take a whole-of-chain approach to supply chain management and global trade.Learn more
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In today’s globalised world, it is crucial that tax administrations work together to ensure the right amount of tax is paid to the right jurisdiction. The OECD is at the forefront of international efforts to use enhanced transparency and exchange of information to put an end to bank secrecy and fight tax evasion and avoidance.Learn more
Latest insights
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Statistical release6 May 2026
Events
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oecd-events.org8-9 July 2026
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