09:06 · 14 November 2025

BREAKING: French and Spanish inflation came in line with expectations 📌

07:45 AM GMT, France - Inflation Data for October:

  • French CPI: actual 0.1% MoM; forecast 0.1% MoM; previous -1.0% MoM;
  • French CPI: actual 0.9% YoY; forecast 1.0% YoY; previous 1.2% YoY;
  • French HICP: actual 0.1% MoM; forecast 0.1% MoM; previous -1.1% MoM;
  • French HICP: actual 0.8% YoY; forecast 0.9% YoY; previous 1.1% YoY;

08:00 AM GMT, Spain - Inflation Data for October:

  • Spanish CPI: actual 0.7% MoM; forecast 0.7% MoM; previous -0.3% MoM;
  • Spanish CPI: actual 3.1% YoY; forecast 3.1% YoY; previous 3.0% YoY;
  • Spanish HICP: actual 0.5% MoM; forecast 0.5% MoM; previous 0.2% MoM;
  • Spanish HICP: actual 3.2% YoY; forecast 3.2% YoY; previous 3.0% YoY;

Inflation data shows a mixed picture across the euro area. In Spain, headline HICP inflation held exactly in line with the preliminary estimate at 3.2% y/y, up from 3.0% previously, signalling that underlying price pressures remain sticky. Alongside similar signs from Germany, this supports the case for the ECB to keep rates unchanged through the end of the year.

In France, headline inflation softened to 0.8% y/y, just below the 0.9% preliminary reading and 1.1% y/y in September. 

 

 

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