France October preliminary HICP +3.2% vs +3.1% y/y expected

Latest data released by INSEE - 29 October 2021

  • Prior +2.7%
  • CPI +2.6% y/y
  • Prior +2.2%

Another jump higher in French consumer inflation, reaffirming rising price pressures across the region as outlined by the Spanish and German readings yesterday. This will just heap more pressure on the ECB going into December.

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