After peaking in June 2022, 6 months after Russia’s invasion in Ukraine, the pace of inflation has been decelerating since the end of 2022 when measured year-on-year. However, in the medium term, it remains high in the three key markets analysed by our editorial team: Europe, the U.S.A. and China.
At the end of June 2024, the Eurozone‘s HICP (Harmonized Index of Consumer Prices) stood at a rise of 2.5% year-on-year, a figure that has been broadly stable for 6 months. This Eurostat’s indicator, which covers products and services consumed by households, shown at the same level for Germany (up by 2.8%) and France (up by 2.5%).
Eurozone: HICP up 17% over three years, energy up 34%
However, the level over 3 years remains high, and this is how both enterprises and consumers perceive price increases. Taking June 2021 as base 100 – the inflationary trend having begun during Covid-19 – the HICP is up by 17% in the Eurozone.
