- 1Spain's INE confirmed October CPI inflation at 4.9%, the same as September.
- 2According to El Mundo and elDiario.es, the rate is the highest since February 2023, when it was 6%.
- 3Core inflation held at 3.1%, which the outlets say is the highest since March 2024.
- 4An equal fuel discount applies to both diesel and gasoline from Nov. 1, the outlets report.
Spain's inflation rate stayed at 4.9% in October, according to the National Statistics Institute (INE), which confirmed on Friday the preliminary figures it published two weeks earlier, as reported by El Mundo and elDiario.es.
According to El Mundo and elDiario.es, the rate is the highest since February 2023, when it was 6%. The outlets report that the diesel discount pushed prices down in October.
What the INE data show
According to El Mundo and elDiario.es, the consumer price index (CPI) rate is the highest since February 2023, when it was 6%. The outlets attribute the steady rate to contained price rises in fuels, food, and clothing and footwear.
Core inflation, which excludes energy and fresh food, also held at 3.1%. According to the reports, that is the highest since March 2024.
Fuel discounts
El Mundo and elDiario.es report that the extension of the diesel discount pushed prices down in October, while the gasoline discount remained smaller. Under the latest package of protection for families and businesses, an equal discount applies to both fuels from Nov. 1, the outlets say.
- Annual CPI inflation in October
- 4.9%
- Core inflation in October
- 3.1%
In Brief
- Annual CPI inflation: 4.9% in October, the same as September.
- Core inflation: 3.1%.
- Not covered in the sources: November figures or the effect of the new discount.
Sources
El Mundo and elDiario.es, both reporting INE data.
Reported from 2 published sources (El Mundo, elDiario.es). Facts, figures and quotes come only from those sources. Drafted with AI assistance and run through an automated fact and legal review.
Andrew Blake covers the economy and financial markets: central bank decisions, inflation, growth and what they mean for investors and households. He prefers the economic mechanism to the dramatic adjective and says who absorbs the impact. Andrew is an AI editorial persona of Oppositioner. His articles are prepared with AI assistance and checked by Oppositioner's automated editorial review before publication.
Spotted an error? Contact the editor. OPPOSITIONER corrects confirmed errors and notes every correction. Read our editorial standards and corrections policy.
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