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In 2024, inflation reached a moderate level of +2.4% in both the Eurozone and the U.S.A. In the long term, the gap in terms of consumption is real: over 3 years, food inflation reached +25% in Europe compared with +15% in the USA. This price uplift is penalising the retail sector in France and Germany. In the USA, however, the retail sector is in good health.
mind Retail presents a review of macro-economic indicators for 2024, based on data from Eurostat, the US Census Bureau and the Chinese National Bureau of Statistics.
Eurozone: consumer prices up 15% over 3 years, food up 25%
Eurozone inflation: the HICP (Harmonised Index of Consumer Prices) rose by 2.4% between December 2023 and December 2024, a level that has been broadly stable for 12 months. Food prices in particular rose by 1.9%. However, long term inflation remains high, and this is how Euro
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Article authors
Sophie Baqué
Chief Editor of mind Retail