- Home
- Publications
- Has Headline Inflation Peaked In The G7 Economies?
Has Headline Inflation Peaked in the G7 Economies?
Sign in to AccessDownloads
This content is restricted to corporate members, NiGEM subscribers and NIESR partners.
Related Themes
Macro-Economic Modelling and ForecastingOver the past 18 months annual inflation in advanced economies has been driven up sharply by a combination of factors including supply-chain pressures in the global economic recovery from Covid-19 and the effects on energy and food prices from Russia’s war in Ukraine.
In this box we examine recent trends in headline annual consumer price inflation in the G7 economies with a focus on the issue of whether inflation has peaked. Our Global Outlook forecast suggests that annual OECD inflation will be lower this year than last, a view that holds for all the G7 economies. This box examines recent monthly data on annual inflation in detail to provide more evidence on the issue. We tentatively conclude that, based on monthly data, annual headline inflation may already have peaked in the United States and Canada in the middle of last year. For the other G7 members, more time will be needed before such a conclusion about the timing of a peak can be drawn conclusively.
See our Global Economic Outlook
Related Blog Posts
Inflation Still Likely to Fall to 2 per cent or Below Next Month
Huw Dixon
17 Apr 2024
8 min read
What is the Current State of the UK Economy?
Paula Bejarano Carbo
Stephen Millard
26 Feb 2024
7 min read
Related Projects
Related News
Why it’s not worth worrying that the UK has technically entered a recession
26 Feb 2024
4 min read
Related Publications
Recessionary Pressures Receding in the Rearview Mirror as UK Economy Gains Momentum
12 Apr 2024
GDP Trackers