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Germany, France, Italy and Spain: Where was inflation highest in October?

Summary by Euronews
Inflation rose in Italy and France, held in Spain and fell in Germany in October. What is driving the gap between Europe's largest economies and will the European Central Bank hike again in December?

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The first estimates of October 2026 draw two opposite trajectories: harmonised inflation reached 3.8% in France, compared with 2.8% in Germany. The difference is due in particular to a different evolution of energy prices and sheds light on the pressures on purchasing power.

The October CPI triggers the gap between the four major economies: Italy at 5.4%, Spain at 4.9%, France at 3.4% and Germany at 2.8%.The entry Eurozone inflation in October deepens the divergence and reopens the debate on the December ECB appears first in Merca2.

Inflation remains at 4.9% in Spain, the underlying mark 3.1% and the gap with the Eurozone reaches 1.2 points before December.The entry Inflation rises to 4.9% in Spain in October and 5.4% in Italy tenses the ECB decision appears first in Moncloa.

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Euronews broke the news in Lyon, France on Friday, October 30, 2026.
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