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    France CPI hits 3.4% and Spain CPI 4.9% as euro reference rate firms

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    INSEE put France's provisional October inflation at 3.4% year on year on Friday, Oct. 30, while Spain's INE flash estimate came in at 4.9%. The ECB set its dollar reference rate at 1.1172 USD.

    Key figures

    IndicatorValuePrevious
    France CPI, year on year (provisional)October 20263.4%
    Spain CPI, year on year (flash)October 20264.9%
    ECB reference rate, US dollars per euroOctober 30, 20261.1172 USD1.1130 USDOctober 29, 2026

    Source: INSEE. Data: B-NKER (b-nker.com), CC BY 4.0.

    What was published

    • INSEE's provisional estimate puts France CPI at 3.4% year on year for October 2026, published Friday, Oct. 30. The institute said “Sur un an, selon l'estimation provisoire réalisée en fin de mois, les prix à la consommation augmenteraient de 3,4 % en octobre 2026, après +3,1 % en septembre.” [Over one year, according to the provisional estimate made at the end of the month, consumer prices would rise by 3,4 % in October 2026, after +3,1 % in September] (B-NKER translation). Read our brief on France inflation, provisional.
    • The Spanish Statistical Office (INE) flash estimate puts Spain CPI at 4.9% year on year for October 2026. The institute said “El indicador adelantado del IPC sitúa su variación anual en el 4,9% en octubre, la misma que la registrada en septiembre.” [The flash CPI indicator puts its annual change at 4,9% in October, the same as recorded in September] (B-NKER translation). See our brief on Spain flash inflation.
    • The European Central Bank set its reference rate at 1.1172 USD per euro for October 30, 2026, and it edges up from 1.1130 USD on October 29, 2026. This is the official daily reference rate, not a market price. See ECB reference rate, US dollars per.

    Sources

    • INSEE, France inflation, provisional (CPI), 2026-10-30Source : Insee. Data: B-NKER (b-nker.com), CC BY 4.0.
    • Spanish Statistical Office (INE), Spain flash inflation (CPI), 2026-10-30Fuente: Sitio web del INE: www.ine.es Data: B-NKER (b-nker.com), CC BY 4.0.
    • European Central Bank, ECB reference rate, US dollars per euro, 2026-10-30Source: European Central Bank (ECB), information available free of charge on the ECB website. Data: B-NKER (b-nker.com), CC BY 4.0.
    • European Central Bank, ECB reference rate, US dollars per euro, 2026-10-29Source: European Central Bank (ECB), information available free of charge on the ECB website. Data: B-NKER (b-nker.com), CC BY 4.0.

    Every figure in this article is checked by code against the official source before publication. Editorial policy · Corrections log. Information, not investment advice.

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