2025.10.3008:19:31UTC+00Spain October Inflation Rate Above Forecasts at 3.1%

In October 2025, Spain's annual inflation rate increased to 3.1%, marking the highest level since June 2024, according to preliminary figures. This rise comes after a 3% rate in September and surpasses market expectations of 2.9%. The increase is largely due to significant hikes in electricity prices compared to October 2024, alongside elevated transport costs, especially in the air and rail sectors, which were only partially mitigated by a reduction in petrol prices. Meanwhile, core inflation, which strips out volatile components such as food and energy, climbed to 2.5% in October, its highest level in ten months, up from 2.4% in September. In terms of EU-harmonised Consumer Price Index (CPI) measurements, the year-on-year increase was 3.2%, slightly exceeding market predictions of 3%. On a monthly basis, the CPI rose by 0.7% following a 0.3% decline in September, and the EU harmonised index increased by 0.5%, surpassing the expected 0.3% rise.