What countries in Europe had the lowest inflation rate in 2024?

Portugal Business News - Valerie Charoux
Aug 11, 2025
2 min read

News Economy Europe – Here is the ranking of countries in Europe that had the lowest inflation rate in 2024, according to a report published by Eurostat on August 11^th, 2025:

1 – What was the average inflation rate in the EU in 2024?

The average inflation rate in the EU in 2024 was 2.6

2 - Here is the Ranking of countries in Europe with the lowest inflation rate in 2024:

1 – Lithuania

Lithuania ranks No. 1 country in Europe with the lowest inflation rate in 2024, with an inflation rate of 0.9%.

2 – Finland

Finland ranks 2^nd country in Europe with the lowest inflation rate in 2024, with an inflation rate of 1.0%.

3 – Italy & Switzerland

Italy & Switzerland both rank 3^rd as countries in Europe with the lowest inflation rate in 2024, with an inflation rate of 1.1%.

4 – Denmark, Ireland & Latvia

Denmark, Ireland & Latvia all rank 4th as countries in Europe with the lowest inflation rate in 2024, with an inflation rate of 1.3%.

5 – Slovenia & Sweden

Slovenia & Sweden both rank 5th as countries in Europe with the lowest inflation rate in 2024, with an inflation rate of 2.0%.

6 – France, Cyprus & Luxembourg

France, Cyprus & Luxembourg all rank 6th as countries in Europe with the lowest inflation rate in 2024, with an inflation rate of 2.3%.

7 – Malta

Malta ranks 7^th country in Europe with the lowest inflation rate in 2024, with an inflation rate of 2.4%.

8 – Germany

Germany ranks 8^th country in Europe with the lowest inflation rate in 2024, with an inflation rate of 2.5%.

9 – Bulgaria

Bulgaria ranks 9^th country in Europe with the lowest inflation rate in 2024, with an inflation rate of 2.6% - that is equal to the average inflation rate in the EU in 2024.

10 – Czechia & Portugal

Czechia & Portugal both rank 10th as countries in Europe with the lowest inflation rate in 2024, with an inflation rate of 2.7%.