Inflation remains at 4.9% in October due to tourism and gas pressure
Food gives a break to households and tax cuts on fuel continue
The Consumer Price Index (IPC) remained at 4.9% in October, as confirmed by the Instituto Nacional de Estadística (INE). The underlying inflation rate, which excludes unprocessed food and energy, also stayed at 3.1% for the second consecutive month. The prices of gas and tourist packages increased by 5.3% and 8.2% respectively, contributing to the elevated level of inflation.
Written by urgent.news from El Pais's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
