G7 Inflation rates 2023 | Statista

Inflation rates rose all around the world in 2022, so also in the G7 countries, where inflation rates varied from 2.5 percent in Japan to over eight percent in Italy. Inflation rates increased sharply all around the world through 2022, spurred by Russia's invasion of Ukraine in February that year. Especially gas and electricity were hit by price increases following the outbreak of the Russia-Ukraine war. Inflation rates were falling in all G7 economies except for Japan in 2023.

Annual inflation rates in G7 countries from 2000 to 2023

Characteristic	Canada	France	Germany	Italy	United Kingdom	United States	Japan
2023	3.88%	4.88%	5.95%	5.62%	6.72%	4.12%	3.3%
2022	6.8%	5.2%	6.9%	8.2%	7.9%	8%	2.5%
2021	3.4%	1.6%	3.1%	1.9%	2.5%	4.7%	-0.3%
2020	0.7%	0.5%	0.1%	-0.1%	1%	1.2%	0%
2019	1.9%	1.1%	1.4%	0.6%	1.7%	1.8%	0.5%
2018	2.3%	1.9%	1.7%	1.1%	2.3%	2.4%	1%
2017	1.6%	1%	1.5%	1.2%	2.6%	2.1%	0.5%
2016	1.4%	0.2%	0.5%	-0.1%	1%	1.3%	-0.1%
2015	1.1%	0%	0.5%	0%	0.4%	0.1%	0.8%
2014	1.9%	0.5%	0.9%	0.2%	1.5%	1.6%	2.7%
2013	0.9%	0.9%	1.5%	1.2%	2.3%	1.5%	0.4%
2012	1.5%	2%	2%	3%	2.6%	2.1%	0%
2011	2.9%	2.1%	2.1%	2.8%	3.8%	3.2%	-0.3%
2010	1.8%	1.5%	1.1%	1.5%	2.5%	1.6%	-0.7%
2009	0.3%	0.1%	0.3%	0.8%	2%	-0.4%	-1.3%
2008	2.4%	2.8%	2.6%	3.3%	3.5%	3.8%	1.4%
2007	2.1%	1.5%	2.3%	1.8%	2.4%	2.9%	0.1%
2006	2%	1.7%	1.6%	2.1%	2.5%	3.2%	0.2%
2005	2.2%	1.7%	1.5%	2%	2.1%	3.4%	-0.3%
2004	1.9%	2.1%	1.7%	2.2%	1.4%	2.7%	0%
2003	2.8%	2.1%	1%	2.7%	1.4%	2.3%	-0.3%
2002	2.3%	1.9%	1.4%	2.5%	1.5%	1.6%	-0.9%
2001	2.5%	1.6%	2%	2.8%	1.6%	2.8%	-0.7%
2000	2.7%	1.7%	1.4%	2.5%	1.2%	3.4%	-0.7%

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Release date

April 2024

More information

Region

Canada, France, Germany, Italy, Japan, United Kingdom, United States

Survey time period

2000 to 2023

Supplementary notes

The data for Japan is published using the COICOP 2018 classification, the other countries with the COICOP 1999 classification.

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