GRAPH: How does France’s inflation rate compare to other eurozone countries?

Inflation rates of nations that use the currency vary from 0.8% to 4.3%

Inflation levels in France have decreased in recent months
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Annual inflation rates in France have dropped and are now at the same level as the eurozone average, according to the Eurostat statistics agency.

The year-on-year inflation increase in August 2024 was 2.2% in France, the same as the overall rate for the eurozone (nations that use the euro as their official currency). 

Rates varied from 4.3% in Belgium (the highest), to 0.8% in Lithuania (the lowest). 

The graph below shows the inflation rates of all eurozone countries in August 2024. 

The arrow next to the percentages also shows if this figure is an increase or decrease on inflation rates in the previous month. 

Only three countries – Malta, Slovakia, and Greece – saw inflation increase in August 2024.

The eurozone’s average annual inflation rate was 2.6% in July 2024, showing a significant decrease, and is down from 2.7% in the same period in France. 

However, across the eurozone, inflation increased in certain sectors including services (+1.88 percentage points, pp), followed by food, alcohol & tobacco (+0.46 pp) and industrial goods excluding energy (+0.11 pp). 

Inflation on energy prices decreased by 0.11pp. 

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