Global inflation has risen sharply since the Russian invasion

Annual inflation rates, major economies

Italy

UK CPI

Germany

France

US CPI (U)

US HICP

15

24 Feb 2022

Russia invades Ukraine

10

5

0

-5

2014

2016

2018

2020

2022

15

24 Feb 2022

Russia invades Ukraine

Italy

10

UK CPI

Germany

France

US CPI (U)

5

US HICP

0

-5

2014

2016

2018

2020

2022

Guardian graphic. Source: ONS. Note: January 2023 estimates for France, Germany and Italy are not final