Inflation in the countries that are members of the Organisation for Economic Co-operation and Development (OECD) reached a 25-year high of 5.8% in the 12 months to November 2021.
This compared with an inflation rate of 5.2% in October last year and just 1.2% in November 2020, according to the latest data from the OECD.
The US saw its highest rise in prices since June 1982, with year-on-year inflation climbing from 6.2% in October to 6.8% in November.
Although inflation in the euro area was lower than in OECD as a whole, the rate increased strongly to 4.9% in November from 4.1% in October and a fall of 0.3% a year earlier.
Energy prices soared by 27.7% in the OECD area in the year to November, compared with a 24.3% surge in October, and the highest rate since June 1980.
Food price inflation picked up strongly to 5.5% in November, compared with 4.6% in October.
Excluding food and energy, OECD year-on-year inflation rose to 3.8% in November compared with 3.5% in October. Although this rise was more moderate, it contributed significantly to headline inflation in a number of large economies, the organisation said.