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OECD headline inflation slows slightly to 4.5% in February 2025
Statistical release, 3 April 2025
Year-on-year inflation in the OECD as measured by the Consumer Price Index (CPI) slowed to 4.5% in February 2025 from 4.7% in January.
Year-on-year OECD energy inflation fell to 3.6% in February 2025 from 4.0% in January. OECD core inflation (inflation less food and energy) remained broadly stable.
In the euro area, year-on-year inflation as measured by the Harmonised Index of Consumer Prices (HICP) declined to 2.3% in February from 2.5% in January, mainly driven by a fall in energy inflation.
In the G20, year-on-year inflation fell to 4.3% in February from 4.8% in January, reaching its lowest level since May 2021.
OECD Research and Development (R&D) expenditure growth slows to 2.4% in 2023
Statistical release, 31 March 2025
Research and experimental development (R&D) expenditure in the OECD area grew by 2.4% in inflation-adjusted terms in 2023, down from 3.6% in 2022.
Business R&D expenditure outpaced other sectors, growing at 2.7% in 2023 and accounted for 74% of total gross domestic expenditure on R&D (GERD) in the OECD area.
At 8.7%, growth in R&D expenditure in China continued to surpass that of the OECD area, the United States (1.7%) and the European Union (1.6%) in 2023. R&D intensity in the OECD area remains unchanged at 2.7% since 2020.
