France’s October Inflation Estimate Rises to 3.4%, Above Forecast

France’s preliminary inflation reading for October showed annual and monthly price growth above their respective consensus estimates, indicating a stronger increase than expected on both measures.

The annual rate was 3.4%, compared with 3.1% in September and a 3.2% consensus forecast. On a monthly basis, consumer prices rose 0.4%, reversing September’s 0.3% decline and topping the 0.2% estimate.

The annual and monthly rates compare different periods: the annual figure tracks prices against the same month a year earlier, while the monthly figure compares October with September. The October figures are preliminary estimates.