According to recent data from the Organization for Economic Cooperation and Development (OECD), consumer prices in the alliance countries (the 37 most developed countries of the world) jumped by 5.8% in annual terms in November after rising by 5.2% a month earlier. Analysts note that this is the highest rate of increase in 25 years, since May 1996. In November 2020, inflation was only 1.2%. The largest increase in prices was noted in the energy sector – here inflation increased by 27.7% in November (24.3% in October). Food prices rose by 5.5% (in October – 4.6%). Core inflation (excluding the cost of food and energy) in November increased by 3.8% compared with 3.5% a month earlier. The acceleration of inflation rates was also recorded in all G7 countries, with the exception of Canada (here the indicator remained at 4.7%). In the US, there was also a significant acceleration in inflation in November - up to 6.8% (the maximum since June 1982). Inflation in the eurozone (HICP index) in the month before last reached 4.9% against 4.1% in October, the indicator excluding food and energy prices was 2.6% against 2.0%. In the G20 countries, inflation accelerated to 5.9% in November from 5.3% in October. In particular, consumer prices in China increased by 2.3% (in October – by 1.5%), in South Africa - by 5.5% (5.1%), and in India – by 4.8% (4.5%).
