France's October inflation expected to rise to 3.4%, above estimates

Spain's inflation rate remained steady at 4.9% in October, mirroring the figure from the previous month, according to the National Statistics Institute's preliminary data. The core inflation rate, which excludes essential items like unprocessed food and energy, also remained unchanged at 3.1%. Fuel and lubricant prices for private vehicles experienced a more pronounced decrease compared to October 2025, exerting downward pressure on the overall inflation rate.

In contrast, food and non-alcoholic beverage prices, as well as clothing costs, saw a slower rate of increase compared to the same period in the previous year. However, package holiday prices declined less than in October 2025, providing upward pressure on inflation. Gas prices rose more sharply than a year prior, while liquid fuel prices saw an increase compared to a decline in the same period last year.

The harmonized index of consumer prices, which enables cross-country comparisons within the European Union, also registered a 4.9% annual rate in October, with a monthly variation rate of 0.5%. The core inflation rate for the harmonized index matched the standard measure at 3.1%. This report was produced with AI assistance and reviewed by a human editor.