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No, it really is only France and a couple of smaller countries which have that comparatively low inflation - Germany was 10.9%, Italy 9.4%. That headline averag
by makomk 4y ago
No, it really is only France and a couple of smaller countries which have that comparatively low inflation - Germany was 10.9%, Italy 9.4%. That headline average inflation figure is pretty representative. (Also, it looks like one of the countries bringing up the average was the Netherlands which is definitely not considered one of the poorer countries.)
What people do often point to is the interest rates Germany's government pays to borrow money, which are rather lower than the UK (and lower than the rest of the Eurozone). Basically, the only comparisons that get made are the ones that make the UK look worse.