14.11.202508:21:25UTC+00Spain Inflation Rate Confirmed at Near 1-1/2-Year High

In October 2025, Spain experienced an uptick in its annual inflation rate, climbing to 3.1%, the peak since June 2024, and slightly above the 3% recorded in September, aligning with initial expectations. The primary contributors to this increase were the housing and utilities sector, with prices surging by 7.5% compared to 7.1% in September, particularly driven by electricity costs, as well as the transportation sector, which saw prices rise by 2.4% from 2.2%. Core inflation, which discounts the more volatile food and energy prices, was confirmed to have reached a ten-month high of 2.5% in October, up from 2.4% in the preceding months of September and August. On a monthly scale, the Consumer Price Index (CPI) advanced by 0.7% in October, consistent with previous readings, following a 0.3% decline in the previous month. Furthermore, the EU-harmonised CPI saw a 3.2% year-over-year increase and a 0.5% rise month-over-month, both aligning with preliminary forecasts.