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    France: CPI inflation hits 3.4% and HICP 3.8% in October flash

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    INSEE's flash estimate shows French CPI at 3.4% year over year in October 2026, and HICP at 3.8%. The ECB held its deposit rate at 2.50% on October 29, 2026, in the week of Monday, Oct. 26, 2026.

    Key figures

    IndicatorValuePrevious
    ECB deposit facility rateOctober 29, 20262.50%2.50%September 10, 2026
    ECB marginal lending facility rateOctober 29, 20262.90%2.90%September 10, 2026
    ECB main refinancing operations rateOctober 29, 20262.65%2.65%September 10, 2026
    France CPI, year on year (provisional)October 20263.4%3.1%September 2026
    France HICP, year on year (provisional)October 20263.8%3.4%September 2026
    ECB reference rate, US dollars per euroOctober 30, 20261.1172 USD1.1193 USDOctober 23, 2026

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

    What was published this week

    • The European Central Bank left its deposit facility rate at 2.50% on October 29, 2026, and it holds at that level after 2.50% on September 10, 2026. The bank said it kept its three key rates unchanged, per ECB deposit facility rate release.
    • INSEE's flash estimate puts France HICP, year over year, at 3.8% for October 2026, and it climbs from 3.4% in September 2026, the final figure. The measure is a preliminary reading, covered in France HICP, year on year release.
    • INSEE's flash estimate puts France CPI, year over year, at 3.4% for October 2026, and it edges up from 3.1% in September 2026, the final figure. See France CPI, year on year release for the release.
    • The ECB left its main refinancing operations rate at 2.65% on October 29, 2026, and it holds at that level after 2.65% on September 10, 2026. The release is listed under ECB main refinancing operations rate release.
    • The ECB left its marginal lending facility rate at 2.90% on October 29, 2026, and it holds at that level after 2.90% on September 10, 2026. The release is listed under ECB marginal lending facility rate release.

    Official exchange rate

    The ECB reference rate stands at 1.1172 USD per euro on October 30, 2026, and it edges down from 1.1193 USD on October 23, 2026. See ECB reference rate, US dollars per for the series.

    Next week

    Next release

    Wednesday, Nov. 4

    Sources

    • European Central Bank, ECB deposit facility rate, 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.
    • European Central Bank, ECB deposit facility rate, 2026-09-10Source: European Central Bank (ECB), information available free of charge on the ECB website. Data: B-NKER (b-nker.com), CC BY 4.0.
    • INSEE, France CPI, year on year (provisional), 2026-10Source : Insee. Data: B-NKER (b-nker.com), CC BY 4.0.
    • INSEE, France CPI, year on year (final), 2026-09Source : Insee. 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, 2026-10-23Source: 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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