For the first time since the Iran war upended global energy markets, French inflation is moving in the right direction: down.
The conflict, which began on February 28, 2026, sent oil prices surging above $120 per barrel almost immediately. That shock rippled through French household budgets fast, pushing inflation above 2% in spring 2026 as hydrocarbon prices climbed sharply.
The easing comes as energy costs begin to retreat from those peaks.
How the war broke the price ceiling
Eurozone inflation hit 3% in April 2026, with energy prices driving a 10.9% increase across the bloc. France was not spared.
