International Inflation: Key Economic Indicators

Inflation in the EU can be compared using the standard Harmonised Index of Consumer Prices (HICP) or the CPI as it is known in the UK.

UK inflation, as measured by the CPI, was 4.6% in the year to October, down from 6.7% in September. UK inflation peaked at 11.1% in October 2022.

EU inflation was 3.6% in October, down from 4.9% in September. In October 2022, EU inflation was 11.5%.

Inflation in the Eurozone is provisionally estimated as 2.4% in November, down from 2.9% in October. Eurozone inflation was 10.1% in November 2022.

In Germany, inflation is provisionally estimated as 2.3% in November, down from 3.0% in October.

In France, inflation is provisionally estimated as 3.8% in November, down from 4.5% in October.

Hungary had the highest inflation rate in the EU in October (9.6%). Belgium had the lowest inflation rate (-1.7%).