Inflation rates rose all around the world in 2022 and remained high in 2023, so also in the G7 countries except Japan. However, inflation rates were forecast to slow over the next years. 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.
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IMF. (October 22, 2024). Forecast of annual inflation rates in G7 countries from 2024 to 2029 [Graph]. In Statista. Retrieved June 07, 2025, from https://www.statista.com/statistics/1374823/inflation-g7-forecast/
IMF. "Forecast of annual inflation rates in G7 countries from 2024 to 2029." Chart. October 22, 2024. Statista. Accessed June 07, 2025. https://www.statista.com/statistics/1374823/inflation-g7-forecast/
IMF. (2024). Forecast of annual inflation rates in G7 countries from 2024 to 2029. Statista. Statista Inc.. Accessed: June 07, 2025. https://www.statista.com/statistics/1374823/inflation-g7-forecast/
IMF. "Forecast of Annual Inflation Rates in G7 Countries from 2024 to 2029." Statista, Statista Inc., 22 Oct 2024, https://www.statista.com/statistics/1374823/inflation-g7-forecast/
IMF, Forecast of annual inflation rates in G7 countries from 2024 to 2029 Statista, https://www.statista.com/statistics/1374823/inflation-g7-forecast/ (last visited June 07, 2025)
Forecast of annual inflation rates in G7 countries from 2024 to 2029 [Graph], IMF, October 22, 2024. [Online]. Available: https://www.statista.com/statistics/1374823/inflation-g7-forecast/
