In 2021-Q1, most selected European countries and China experienced a positive inflation rate. The transition of economic activity towards normalcy is reflected in an increase in average price levels among OECD countries of 1 percent relative to 2020-Q4 and of almost 1.9 percent relative to 2020-Q1. A noteworthy exception is Switzerland, which did not experience a price increase because of weak growth and a strong Swiss franc. According to the OECD economic outlook, inflation among OECD countries is going to reach 3% in the remaining quarters of the year and it is going to stabilize between 2% and 2.5% from 2022.