Graph: How France’s inflation rate compares with other EU countries

The rate of year-on-year inflation is slowing in France. Here is how it compares to other countries in the Eurozone.

France’s rate of year-on-year inflation reached 5.22% in 2022 spurred on by the Covid pandemic and Russia’s invasion of Ukraine.

That ‘inflationary episode’ is over, economists say, as price rises slow across many sectors, with electricity prices even expected to fall by 15% in February.

The slowing rate of year-on-year inflation has prompted the Banque de France to lower the interest on government-regulated tax free savings accounts from February 1.

Read more: How lower inflation rate is affecting food prices in France

Elsewhere in the Eurozone, Ireland has the lowest rate of year-on-year inflation, and Romania the highest.

While the rate has fallen significantly since 2022, data from December suggests year-on-year inflation has risen over the past month in most European countries.

Data from the European Commission suggests that the highest contributing factor to the rise is the service sector, followed by food, alcohol and tobacco prices.

In the UK, the rate of year-on-year inflation stood at 2.5% in December 2024 according to data from the Office of National Statistics, which is higher than both the Eurozone average and the rate in France.