[Inflation Barometer] Despite inflation stabilising in 2024, European retail is still being penalised by prices that are too high 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.