Big four euro economies: inflation mixed in October
Germany's inflation eased to 2.8% in October, while France rose to 3.4%, Italy to 5.4% and Spain held at 4.9%. Each is a national figure, not the euro area total.
The four largest euro-area economies published their October 2026 consumer price estimates on 30 October, and the readings diverged. Germany's consumer prices rose 2.8% year on year, down from 3.3%. France's rose 3.4%, up from 3.1%. Italy's rose 5.4% on the national index, up from 4.2%. Spain's rose 4.9% on its flash estimate.
- Germany (Destatis, provisional): 2.8% in October, 3.3% in September
- France (INSEE, provisional): 3.4% in October, 3.1% in September
- Italy (Istat, NIC, preliminary): 5.4% in October, 4.2% in September
- Spain (INE, flash): 4.9% in October
These are national figures. The euro area flash estimate, which weights all member states, is due on 4 November and has its own preview. For how inflation reaches the euro, see how inflation moves currencies.
Sources
Common questions
Did inflation rise or fall in the big four euro economies in October 2026?
It fell in Germany, to 2.8%, and rose in France to 3.4%, Italy to 5.4% and Spain held at 4.9%, according to each national statistics office.
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