With a 1.3% increase in prices over 2024, the decline in inflation is confirmed in France

The year 2024 will indeed have been that of the decline in inflation. In December 2024, the twelve-month price increase was 1.3%, the same figure as in November, according to figures published Tuesday January 7 by the National Institute of Statistics and Economic Studies (Insee). Significantly less than at the end of December 2022, when the twelve-month increase was 5.9%, and in 2023 when it was 4.9%. Disinflation is expected to continue in 2025: in its latest economic report, published on December 17, 2024, INSEE estimates the increase in the price index in June 2025 at 1%. A figure well below the target of 2% set by the European Central Bank to characterize the conditions of price stability.

“The inflationary episode is well and truly behind us”underlines Mathieu Plane, deputy director of the analysis and forecasting department of the French Observatory of Economic Conditions (OFCE). This episode began in the fall of 2021, after the rise in commodity prices following Covid-19, and experienced a clear acceleration in February 2022, when Russia attacked Ukraine, causing a surge in prices. energy. The unexpected decline in these same energy prices in 2024 made it possible to escape the inflationary crisis. a little earlier than expected ”, according to Mr. Plane.

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