Inflation based on the Organisation for Economic Co-operation and Development's (OECD) metrics remained steady at a rate of 4.2% in April 2025.

Inflation based on the Organisation for Economic Co-operation and Development's (OECD) metrics remained steady at a rate of 4.2% in April 2025.

In the spring of 2025, inflation within the Organization for Economic Co-operation and Development (OECD) held steady, with the Consumer Price Index (CPI) measuring a stable 4.2%.

Headline inflation in OECD countries was largely stable, rising in 11 countries as it fell in 12 others. Latvia and the United Kingdom saw significant increases, while Canada, Costa Rica, Czechia, Hungary, and Poland experienced a drop of more than 0.5 percentage points (p.p.).

Inflation below 2% was found in 11 OECD countries, and below 1% in 5 of them. Energy inflation fell to -0.2% in April, decreasing in 29 OECD countries and increasing in just 7. Energy prices tumbled in Canada, attributed to the removal of the consumer carbon price and lower crude oil prices.

Food inflation slowed to 4.5% in April compared to 4.8% in March, while core inflation remained stable at 4.6%. Inflation rates in the Group of Seven (G7) nations stayed consistent in April, with core inflation driving headline inflation in every country except Japan, where food and energy inflation were the more substantial factors.

The euro area saw inflation remain stable at 2.2% in April, but energy inflation declined further to -3.6%. Economists predict a drop in headline inflation to 1.9% in May, accompanied by a decrease in core inflation and a stable energy inflation rate.

On the other hand, the G20 experienced broadly stable inflation of 4.1% in April compared to 4.2% in March, with headline inflation accelerating in Indonesia while remaining steady in Brazil, China, India, Saudi Arabia, and South Africa. Inflation in Argentina, however, remained significantly higher, surpassing 45%.

In summary, several elements collaborated in keeping inflation steady in the OECD and G7 regions during April 2025. These factors included stable core inflation, decreasing energy inflation, and relatively stable food prices. While the inflation trend was largely consistent across regions, there were notable variations in inflation rates within both the G7 and the euro area.

The financial sector closely monitored the stable core inflation within the OECD and G7 regions in April 2025, as it indicated a steady business environment despite the fluctuating energy and food inflation rates. In this context, the stable core inflation signifies a promising outlook for businesses, potentially leading to increased investments and economic growth.

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