Inflation France 2024
Average inflation: 2.0%
Current Inflation
Inflation is normal at 2.0%, around the ECB target.
Peak and Trough
The highest inflation was in January at 3.1%. The lowest inflation was in September at 1.1%.
- Highest month
- January: 3.1%
- Lowest month
- September: 1.1%
- Difference
- 2.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Alcoholic beverages, tobacco and narcotics with an average of 6.1%. The lowest price increase was in Communication with an average of -7.9%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 6.1%
- Lowest increase
- Communication: -7.9%
Historical Context
Current inflation is 0.9% lower than the 5-year average of 2.9%.
- 5-year average
- 2.9%
- 10-year average
- 1.8%
- All-time high (2022)
- 5.2%
- All-time low (2015)
- 0%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +2.9 percentage point.
- Change vs. previous year
- -2.9 percentage points
- Largest monthly swing
- September: -3.8 percentage points
ECB Target
Inflation is close to the ECB target of 2.0%.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €102.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 3.1% | -2.9 |
| February | 3.0% | -3.3 |
| March | 2.3% | -3.4 |
| April | 2.2% | -3.7 |
| May | 2.3% | -2.8 |
| June | 2.2% | -2.3 |
| July | 2.3% | -2.0 |
| August | 1.8% | -3.1 |
| September | 1.1% | -3.8 |
| October | 1.2% | -2.8 |
| November | 1.3% | -2.2 |
| December | 1.3% | -2.4 |
| Average | 2.0% |
Data source
Data from OECD. Last updated: 11/01/2026.