US Inflation Highest Among OECD Countries; Global Debt Hits Record $226 Trillion

A participant stands near a logo of IMF at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, on Oct.12, 2018. Johannes P. Christo/Reuters

The U.S. economy had the highest level of inflation in 2021 among Organization for Economic Cooperation and Development (OECD) countries, according to recent OECD data.

The annual growth rate in the U.S. consumer price index (CPI) totaled 6.2 percent in the 12 months ending in October, higher than the OECD average of 5.2 percent.