Spain's annual inflation confirmed at 1.8% in October - Breaking The News

Spain's annual inflation confirmed at 1.8% in October

14 November

1 min read

UNSPLASH / JUAN_GOMEZ

Spain's annual inflation stood at 1.8% in October, the country's National Statistics Office (INE) said on Thursday, matching the preliminary reading. The figure remained above September's rate of 1.5%.

The uptick in inflation was mostly attributed to housing prices, which increased 4.2% annually, mostly due to higher electricity and gas prices, and to transportation, whose annual rate added 0.9 percentage points to reach a negative 3.0%.

On a monthly basis, consumer prices increased 0.6%. The Harmonized Index of Consumer Prices climbed 1.8% year on year and added 0.1% from September. Meanwhile, the annual core inflation rate, which excludes unprocessed food and energy products, stood at 2.5%.

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