Netherlands inflation rose in October. Consumer prices were 3.7 percent higher than a year earlier, up from 3.4 percent in September and matching the flash estimate, Statistics Netherlands reported, with prices up 0.7 percent on the month. Natural gas, 11.7 percent more expensive than a year ago against 7.4 percent in September, did most of the pushing, while petrol’s annual rise slowed to 22.6 percent from 27.3 percent. On the harmonised European measure the Dutch rate was 3.3 percent, and euro area inflation as a whole rose to 4.0 percent from 3.8 percent.
Sweden’s Riksbank published the minutes of its November 3 meeting on Tuesday. The Executive Board raised the policy rate by 0.25 percentage points to 2.00 percent at that meeting, and the minutes set out the members’ arguments ahead of the bank’s next decision, in a tightening cycle that has now reached most of Europe’s independent central banks.
US households did not move their inflation view in October. The New York Fed’s Survey of Consumer Expectations put median expected inflation at 3.9 percent over one year, 3.3 percent over three years and 3.0 percent over five years, all unchanged from September, with inflation uncertainty lower at the short horizons. One softer spot: the average perceived probability of missing a minimum debt payment rose 1.6 percentage points to 13.8 percent, its highest since December 2025.
Egypt’s inflation eased again in October. Annual urban inflation fell to 12.7 percent from 13.9 percent in September, the nationwide headline rate fell to 12.0 percent from 12.8 percent, and core inflation slowed to 13.1 percent from 14.1 percent, on CAPMAS and central bank figures. The easing follows the central bank’s 100 basis point increase on October 29, which took the overnight deposit rate to 20 percent, and it frames the central bank’s next meeting: prices are falling, but from a level that still leaves real rates deeply positive.
In Canada, the Bank of Canada publishes its summary of deliberations for the October 28 meeting later today. The bank held its policy rate at 2.50 percent at that meeting; the deliberations are the last full account of its thinking before the December decision, and this edition went to press before the release.