- Prior +3.5%
- HICP +3.5% vs +3.7% y/y expected
- Prior +3.3%
There’s no change to headline annual inflation in Spain from September to October but at least core inflation is seen slowing down further from 5.8% last month to 5.2% this month. That will be a welcome development for the ECB, even if the readings are still very much elevated for now.