經(jīng)合組織（OECD）：經(jīng)合組織國家通脹情況2023年7月

20

15

10

5

0

-5

-10

-15

Paris,5September2023Referenceperiod:July2023

Headlineinflationrisesslightlyto5.9%inJuly2023despiteadeclineinmostOECDcountries

Year-on-yearinflationintheOECD,asmeasuredbytheConsumerPriceIndex(CPI),roseto5.9%inJuly2023,after5.7%inJune,thefirstincreasesinceOctober2022(Figures1and3).ThisincreasewasmainlydrivenbyasharpriseininflationinTürkiye.ExcludingTürkiye,OECDinflationisestimatedtohavebeenbroadlystableinJuly.Fallsininflationwererecordedin26of38OECDcountries,ofwhich17experienceddeclinesabove0.5percentagepoints.(Table1).

EnergyinflationintheOECDremainednegative,atminus7.5%,afterminus9.6%inJune.Itwasnegativeinyear-on-yeartermsin30OECDcountries,anditdeclinedin22countriesrelativetothepreviousmonth.Foodinflationcontinuedtofallatthesamepaceasinthepreviousmonth,reaching9.2%inJuly,itslowestlevelsinceFebruary2022,after10.1%inJune.Inflationlessfoodandenergy(coreinflation)roseslightly,to6.7%from6.6%inJune.

Year-on-yearinflationintheG7wasstableat3.9%inJuly.ThelargestdeclinewasobservedintheUnitedKingdomwhereenergyinflationfellsharply.However,theinflationrateintheUnitedKingdomisstillthehighestrateamongG7countries.HeadlineinflationalsodeclinedinItaly,FranceandGermany.Bycontrast,headlineinflationincreasedinCanadaandtheUnitedStates,neverthelessheadlineinflationratesremainedmorethan2.5percentagepointsbelowtheaverageOECDrate.HeadlineinflationwasstableinJapan.Non-foodandnon-energyitemsremainedthemaincontributorstoheadlineinflationinallG7countriesinJuly(Figure2).

Intheeuroarea,year-on-yearinflationasmeasuredbytheHarmonisedIndexofConsumerPrices(HICP),continuedtodecline,albeitataslowerpacethaninprevioustwomonths,reaching5.3%inJuly2023,after5.5%inJune.InAugust2023,accordingtoEurostat’s

flashestimate,

inflationisestimatedtohavebeenstableintheeuroarea.Thismasksvariabilityacrossmemberstates.HICPinflationisestimatedtohaveincreasedto5.7%inFranceafter5.1%inJulywithasharpriseinenergyinflation,whileheadlineinflationestimateshavebeenbroadlystableinGermanyanddeclininginItaly.EnergydeflationintheeuroareaisestimatedtohavebeenlesspronouncedinAugustthaninJulyandcoreinflationisestimatedtohaveslowedto5.3%,after5.5%inJuly.

IntheG20,year-on-yearinflationincreased,to5.8%inJuly2023,from5.5%inJune.InflationincreasedinIndiaforthesecondconsecutivemonthandinBrazilafteroneyearofcontinuingdecrease.Bycontrast,headlineinflationdeclinedinArgentina,SouthAfrica,SaudiArabia,IndonesiaandChina,wheretotalinflationwasnegativeforthefirsttimesinceFebruary2021.

Figure1-Consumerprices,G7economiesandOECD-Allitemsinflationanditscomponents

July2023,year-on-yearinflationrate

%AllitemsAllitemslessfoodandEnergyFoodEnergy

United

States

Italy

Germany

CanadaJapan

OECD

France

United

Kingdom

》OECD

Visittheinteractive

OECDDataPortal

toexplorethesedata

1

2

8.07.06.05.04.03.02.01.00.0-1.0

-2.0

Figure2-Contributiontoyear-on-yearCPIinflationinG7countries

July2023,percentagepoints

EnergyFoodAllitemslessfoodandenergy

UnitedStatesCanadaJapanFranceItalyGermanyUnitedKingdom

》OECD

3

Figure3-Inflationsincethe1990s:Allitemsandallitemslessfoodandenergy

OECD,UnitedStates,Japan(CPI)andeuroarea(HICP),year-on-yearinflationrate

OECD

%AllitemsAllitemslessfoodandenergy

12

9

6

3

0

-3

UnitedStates

%AllitemsAllitemslessfoodandenergy

12

9

6

3

0

-3

Japan

12

9

6

3

0

-3

%AllitemsAllitemslessfoodandenergy

Euroarea(20countries)

%

______Allitems—Allitemslessfoodandenergy

12

9

6

3

0

-3

Visittheinteractive

OECDDataPortal

toexplorethese

》OECD

4

Table1-CPIandHICP,OECDcountriesandzoneaggregates

July2023,year-on-yearinflationrate(%)andcontributionstoyear-on-yearCPIinflation(percentagepoints)

CPI

HICP

CPI

Contributionstoyear-on-yearCPIinflation

Allitems

Allitems

Food

Energy

Allitems

excludingfood&

energy

FoodEnergy

Allitems

excluding

food&

energy

Jul-22

Jun-23

Jul-23

Jul-22

Jun-23Jul-23

Jun-23Jul-23

Jun-23Jul-23

Jun-23Jul-23

Jul-23

Year-on-yearinflationrate(percentage)

percentagepoints

OECD-Total

10.3

5.7

5.9

…

…

…

10.1

9.2

-9.6

-7.5

6.6

6.7

………

G7

7.6

3.9

3.9

…

…

…

7.7

6.6

-10.3

-8.0

4.7

4.5

…

…

…

EuropeanUnion(HICP)

…

…

…

9.8

6.4

6.1

13.8

12.5

-4.1

-4.4

6.2

6.2

…

…

…

Euroarea(HICP)

…

…

…

8.9

5.5

5.3

12.5

11.6

-5.6

-6.1

5.5

5.5

…

…

…

Australia1

6.1

7.0

6.0

…

…

…

9.6

8.7

7.3

4.1

6.6

5.8

..

..

..

Austria

9.4

8.0

7.0

9.4

7.8

7.0

11.1

10.5

1.3

-4.5

8.3

8.0

1.2

-0.4

6.2

Belgium

9.6

4.2

4.1

10.4

1.6

1.7

15.1

13.9

-25.8

-24.1

7.1

7.0

2.4

-3.2

4.9

Canada

7.6

2.8

3.3

…

…

…

9.1

8.5

-14.6

-8.2

4.0

3.8

0.9

-0.8

3.1

Chile

13.1

7.6

6.5

…

…

…

11.8

11.0

2.1

-3.0

6.9

6.2

2.4

-0.3

4.4

Colombia

10.2

12.1

11.8

…

…

…

14.3

13.2

22.7

22.3

10.5

10.4

3.4

1.5

7.6

CostaRica

11.5

-1.0

-2.3

…

…

…

3.8

-0.8

-20.5

-18.9

0.2

-0.3

-0.2

-1.9

-0.2

CzechRepublic

17.5

9.7

8.8

17.3

11.2

10.2

12.0

9.5

15.0

13.7

7.5

7.1

1.7

1.7

5.4

Denmark

8.7

2.5

3.1

9.6

2.4

3.2

8.8

6.6

-22.2

-17.4

4.3

5.0

0.8

-1.6

4.0

Estonia

22.9

9.2

6.4

23.2

9.0

6.2

19.5

16.4

-4.7

-10.0

9.4

7.7

3.6

-1.8

4.6

Finland

7.8

6.3

6.5

8.0

4.1

4.2

9.2

8.2

-6.7

-4.5

7.3

7.4

1.1

-0.4

5.7

France

6.1

4.5

4.3

6.8

5.3

5.1

14.3

13.2

-2.7

-3.1

3.7

3.6

1.9

-0.3

2.7

Germany

6.7

6.4

6.2

8.5

6.8

6.5

13.4

10.9

3.8

6.2

5.6

5.5

1.4

0.5

4.2

Greece

11.6

1.8

2.5

11.3

2.8

3.5

12.2

12.3

-21.1

-19.1

4.8

5.3

2.6

-3.4

3.2

Hungary

13.7

20.1

17.6

14.7

19.9

17.5

29.3

21.9

27.6

28.9

15.4

14.0

5.2

3.0

9.5

Iceland

9.9

8.9

7.6

6.4

8.0

7.5

12.1

12.4

-0.5

-1.4

9.1

7.6

1.8

-0.1

6.1

Ireland

9.1

6.1

5.8

9.6

4.8

4.6

10.2

8.8

-3.1

-1.3

6.7

6.2

1.0

-0.1

5.0

Israel

5.2

4.2

3.4

…

…

…

4.3

4.8

-2.1

-5.0

4.7

3.9

0.7

-0.2

3.0

Italy

7.9

6.4

5.9

8.4

6.7

6.3

11.0

10.7

2.1

0.6

4.6

4.2

1.9

0.9

3.2

Japan

2.6

3.3

3.3

…

…

…

8.9

9.4

-6.5

-8.7

2.8

2.8

2.0

-0.7

2.0

Korea

6.3

2.7

2.3

…

…

…

4.2

3.4

-6.9

-9.2

3.5

3.3

0.5

-0.8

2.5

Latvia

21.5

7.9

6.4

21.3

8.1

6.6

14.4

11.2

-2.3

-5.3

8.6

8.7

2.9

-1.1

4.6

Lithuania

21.6

9.0

7.4

20.9

8.2

7.2

14.4

12.6

-4.2

-10.8

10.5

10.5

2.9

-1.8

6.3

Luxembourg

6.8

3.2

3.7

9.3

1.0

2.0

11.2

10.5

-13.0

-9.4

3.8

4.1

1.3

-0.8

3.2

Mexico

8.2

5.1

4.8

…

…

…

7.7

7.3

-6.8

-7.7

5.7

5.6

2.1

-0.8

3.4

Netherlands

10.3

5.7

4.6

11.6

6.4

5.3

13.0

11.5

-16.3

-21.4

6.2

6.0

1.4

-1.6

4.6

NewZealand1

7.3

6.7

6.0

…

…

…

12.5

13.6

-2.1

-6.9

6.8

6.4

1.9

-0.8

4.9

Norway

6.8

6.4

5.4

7.3

6.8

5.6

13.4

8.9

-3.1

-9.1

6.1

6.2

1.0

-0.7

5.0

Poland

15.6

11.5

10.8

14.2

11.0

10.3

17.8

15.6

4.0

4.5

11.1

10.6

4.2

..

..

Portugal

9.1

3.4

3.1

9.4

4.7

4.3

8.6

7.3

-18.8

-14.9

5.3

4.7

1.7

-1.4

2.8

SlovakRepublic

13.6

10.9

9.7

12.8

11.3

10.3

18.9

16.5

4.9

5.0

9.5

8.4

3.7

0.7

5.3

Slovenia

11.0

6.9

6.1

11.7

6.6

5.7

12.4

11.1

-5.3

-8.3

8.0

7.8

1.9

-1.2

5.4

Spain

10.8

1.9

2.3

10.7

1.6

2.1

10.3

10.8

-24.9

-24.3

4.3

4.8

2.3

-3.2

3.3

Sweden

8.5

9.3

9.3

8.3

6.3

6.3

12.5

10.5

-12.0

-13.9

11.1

11.4

1.4

-0.6

9.2

Switzerland

3.4

1.7

1.6

3.3

1.8

2.1

5.1

5.3

-0.6

-1.3

1.5

1.4

0.6

-0.1

1.1

Türkiye

79.6

38.2

47.8

79.5

38.3

48.0

53.9

60.7

-27.1

-12.8

47.4

55.8

15.3

-1.7

34.3

UnitedKingdom

8.8

7.3

6.4

10.1

7.9

6.8

17.4

14.9

2.9

-8.2

6.4

6.4

1.4

-0.4

5.4

UnitedStates

8.5

3.0

3.2

9.3

1.4

1.7

4.6

3.5

-16.7

-12.5

4.8

4.7

0.3

-0.9

3.8

1Forthiscountry,figuresshownrefertoQ22022,Q12023&Q22023,asyear-on-yearinflationisbasedonquarterlyCPIdata.

...:notapplicable..:notavailable

Note:CPIaggregatesfortheOECDareaarecomputedasaweightedaverageofthenationalCPIs.ThismaydifferfromthedefinitionusedintheOECDEconomic

Outlook.FormethodologicalinformationconcerningtheCPIaggregatesinthisnewsrelease,pleasesee

MethodologicalNotesforOECDCPINewsRelease.

Source:OECDConsumerPriceIndices(CPIs)Database,

/index.aspx?DataSetCode=PRICES_CPI.

5

countriesandzoneaggregates

Year-on-yearinflationrate(%)

》Table2-Consumerprices,Allitems,Food,Energy&Allitemsexcludingfood&energy,selected

20212022Average

2022

JulAugSepOctNovDec

JanFebMar

2023

Apr

MayJunJul

Allitems

OECD-Total

4.0

9.6

10.310.310.610.710.39.4

9.28.87.77.36.55.75.9

G7

3.5

7.1

7.67.57.67.77.36.8

6.76.45.45.44.63.93.9

EuropeanUnion(HICP)

2.9

9.2

9.810.110.911.511.110.4

10.09.98.38.17.16.46.1

Euroarea(HICP)

2.6

8.4

8.99.29.9

10.610.19.2

8.78.56.97.06.15.55.3

G7countries

Canada

3.4

6.8

7.67.06.96.96.86.3

5.95.24.34.43.42.83.3

France

1.6

5.2

6.15.95.66.26.25.9

6.06.35.75.95.14.54.3

Germany

3.1

6.9

6.77.08.68.88.88.1

8.78.77.47.26.16.46.2

Italy

1.9

8.2

7.98.48.9

11.811.811.6

10.09.17.68.27.66.45.9

Japan

-0.3

2.5

2.63.03.03.73.84.0

4.33.33.23.53.23.33.3

UnitedKingdom

2.5

7.9

8.88.68.89.69.39.2

8.89.28.97.87.97.36.4

UnitedStates

4.7

8.0

8.58.38.27.77.16.5

6.46.05.04.94.03.03.2

G20andothernonOECDG20economies

G20*

4.3

8.6

9.29.29.59.49.08.5

8.48.06.96.55.95.55.8

Argentina

48.4

72.4

71.078.583.088.092.494.8

98.8102.5104.3108.8114.2115.6113.4

Brazil

8.3

9.3

10.18.77.26.55.95.8

5.85.64.74.23.93.24.0

China

0.9

0.0

2.72.52.82.11.61.8

2.11.00.70.10.20.0-0.3

India

4.9

5.9

5.85.96.56.15.45.5

6.26.25.85.14.45.67.5

Indonesia

1.6

4.2

4.94.76.05.75.45.5

5.35.55.04.34.03.53.1

SaudiArabia

3.1

2.5

2.73.03.13.02.93.3

3.43.02.72.72.82.72.3

SouthAfrica

4.6

7.0

8.17.97.87.87.77.5

7.27.37.37.16.65.74.8

Food

OECD-Total

3.5

13.2

14.715.115.416.116.215.6

15.214.914.012.110.910.19.2

G7

2.5

10.4

11.712.212.312.712.612.5

12.311.910.99.78.67.76.6

EuropeanUnion(HICP)

1.6

11.9

12.814.015.417.317.917.8

18.019.119.216.415.013.812.5

Euroarea(HICP)

1.3

10.5

11.512.513.815.516.016.0

16.317.317.515.013.712.511.6

G7countries

Canada

2.2

9.8

9.910.811.411.011.411.0

11.410.69.79.19.09.18.5

France

0.6

7.3

7.28.410.612.913.012.9

14.215.816.915.714.914.313.2

Germany

3.1

12.6

13.815.317.418.919.519.4

19.220.721.216.814.513.410.9

Italy

0.6

9.1

10.010.511.713.513.613.1

12.613.213.212.111.811.010.7

Japan

0.0

4.9

4.95.14.56.47.27.2

7.57.78.08.79.08.99.4

UnitedKingdom

UnitedStates

0.3

3.5

10.9

11.4

12.7

13.1

13.1

13.5

14.6

12.9

16.4

12.4

16.5

12.0

16.9

11.9

16.8

11.4

18.2

10.1

19.2

8.3

19.1

7.0

18.4

5.6

17.4

4.6

14.9

3.5

Energy

OECD-Total

15.5

29.7

35.029.728.527.623.418.2

16.411.91.30.7-5.2-9.6-7.5

G7

16.3

27.4

32.626.123.824.520.815.8

15.910.7-0.2-0.2-6.1-10.3-8.0

EuropeanUnion(HICP)

12.6

35.2

38.337.539.438.733.325.5

20.616.62.64.4-0.3-4.1-4.4

Euroarea(HICP)

13.0

36.9

39.438.540.541.334.825.4

18.913.7-0.92.2-1.8-5.6-6.1

G7countries

Canada

18.8

22.6

28.019.014.016.213.97.3

5.4-0.6-6.9-4.2-12.4-14.6-8.2

France

10.5

23.6

28.723.118.619.818.815.2

16.314.0

5.27.12.2

-2.7-3.1

Germany

10.8

30.2

28.828.137.236.132.621.4

24.020.05.08.03.73.86.2

Italy

14.1

50.8

43.044.944.571.167.664.7

42.528.210.716.411.52.10.6

Japan

4.0

17.1

16.216.916.815.213.415.2

14.6-0.7-3.8-4.4-8.2-6.5-8.7

UnitedKingdom

UnitedStates

9.1

21.0

47.3

25.2

57.7

32.9

51.8

23.8

49.4

19.8

58.6

17.6

55.2

13.1

52.3

7.3

50.7

8.7

48.3

5.2

39.7

-6.4

10.5

-5.1

8.1

-11.7

2.9

-16.7

-8.2

-12.5

AllitemsexcludingFoodandEnergy

OECD-Total

3.0

6.8

7.07.47.77.87.77.2

7.27.37.27.16.96.66.7

G7

2.6

4.9

4.85.25.55.45.25.1

5.05.15.15.25.04.74.5

EuropeanUnion(HICP)

1.8

4.7

4.95.25.76.06.06.2

6.36.66.66.56.16.26.2

Euroarea(HICP)

1.5

4.0

4.14.34.85.05.05.2

5.35.65.75.65.45.55.5

G7countries

Canada

2.4

5.1

5.45.45.65.45.55.6

5.25.04.54.54.44.03.8

France

1.0

2.8

3.33.53.13.33.33.4

3.23.63.73.93.63.73.6

Germany

2.3

3.9

3.63.84.74.85.05.2

5.75.95.75.75.25.65.5

Italy

0.8

2.9

3.23.53.94.14.14.5

4.5