Spain | Inflation rebounded in September and will remain high in October

Headline inflation increased by 0.6 percentage points, to 4.9% year-on-year in September. Core inflation rose slightly, to 3.1%. For October, BBVA Research forecasts headline inflation of 4.8%, while core inflation would remain around 3.1%.

Key points

• Key points:
• Inflation rebounded in line with expectations.
• Energy explains most of the rebound in inflation, but pressures are perceived in a large part of the CPI special groups.
• The inflation differential with respect to the EMU continued to be unfavorable.
• Outlook for October.

Geographies

Topics

Tags