Spanish Inflation Rate Steady at 2.3% in October


The annual inflation rate in Spain is expected to stood at 2.3 percent in October of 2018, unchanged from the previous month and matching market expectations, the preliminary estimates showed. Higher prices for gas should be offset by slowing prices of electricity.

On a monthly basis, consumer prices are set to rise 0.2 percent, the same pace as in September and well below market expectations of a 0.9 percent increase.

The EU-harmonised index went up should increase 2.3 percent year-on-year in October, the same pace as in the previous month and slightly above market expectations of a 2.2 percent gain. Compared to the previous month, the index is expected to decrease 0.8 percent, following a 0.6 percent rise in September and against market consensus of a 0.6 percent gain.

Spanish Inflation Rate Steady at 2.3% in October


INE | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
10/30/2018 8:40:05 AM