Lonyo
Lonyo t1_iznlsw7 wrote
Reply to comment by philassopher-guy in [OC] Inflation heatmap for 44 European, other DM and EM countries by adebar
A lot of inflation is being caused by energy costs, which impacts all areas (from direct costs to end users to any services/production etc).
France is something like 80% nuclear, and is (now) fully state owned, and has capped the price of electricity within France, since their costs of production haven't increased. They are forgoing excessive profits at the expense of the French people (but that doesn't mean making losses necessarily), as they are charging more in line with historic levels rather than the general electricity market which is being driven by high gas (as in, natural gas) prices across Europe.
So they have minimal energy inflation which means reduced inflation in all other areas.
Lonyo t1_iznlze2 wrote
Reply to comment by moriclanuser2000 in [OC] Inflation heatmap for 44 European, other DM and EM countries by adebar
Look at Denmark, Estonia and France and then reassess...
Denmark is its own currency but pegged to the Euro.