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Global QMR Q4 2022 | 8 After reaching historical levels in 2022, Inflation has come down in many countries in Q4 2022 and is expected to further decelerate in 2023 68% expect cost of living crisis to ease by the end of 2023 Country Last Month of Reference 2022 Annual Q1 2023 Q2 2023 Q3 2023 Q4 2023 Australia 7.3 Sept 2022 - 7 6.2 4.8 3.5 Canada 6.3 Dec 2022 6.8% 5.3 3.3 3.1 2.5 Euro Area 9.2 Dec 2022 8.38 9.2 5.4 3.2 2.9 France 5.85 Dec 2022 5.22 5.5 4.5 4.3 3.6 Germany 8.6 Dec 2022 7.9 8 7.5 7 7 Italy 11.6 Dec 2022 8.7 8.7 5 3.7 3.2 Japan 3.8 Nov 2022 - 3 2.6 2.2 1.7 Mexico 7.82 Dec 2022 7.896 6.33 4.25 3.1 3 Netherlands 9.6 Dec 2022 9.97 8.5 7.2 4.5 3.6 Spain 5.7 Dec 2022 8.4 5.1 4.5 4.8 3.5 Switzerland 2.8 Dec 2022 2.8 3 2.9 2.5 2 United Kingdom 10.5 Dec 2022 9.067 10.9 9 6 5.4 United States 6.5 Dec 2022 8.003 6 5.4 4 1.9 Source: World Economic Forum, Trading Economics, IMF Forecast Factors expected to affect living standards in 2023