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    Spain inflation is unchanged at 4.9% in October, HICP at 4.9%

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    ES · Spain flash inflation (CPI)Release page

    Spain's annual CPI inflation is unchanged at 4.9% in October, matching September's 4.9%, according to the INE flash estimate released Friday, Oct. 30. Core inflation also holds at 3.1% on the year.

    Key figures

    IndicatorValuePrevious
    Spain CPI, year on year (flash)October 20264.9%4.9%September 2026
    Spain core CPI, year on year (flash)October 20263.1%3.1%September 2026
    Spain HICP, year on year (flash)October 20264.9%5%September 2026

    Source: Spanish Statistical Office (INE). Data: B-NKER (b-nker.com), CC BY 4.0.

    The INE flash estimate puts Spanish CPI at 4.9% year on year for October 2026, the same rate as the final figure of 4.9% for September 2026. Core inflation holds at 3.1%, level with the final 3.1% in September. The EU-harmonized index, HICP, edges down to 4.9% from a final 5%.

    INE wrote that “El indicador adelantado del IPC sitúa su variación anual en el 4,9% en octubre, la misma que la registrada en septiembre.” [the flash CPI indicator puts its annual change at 4.9% in October, the same as the rate recorded in September] (B-NKER translation). The next INE inflation release is due Friday, Nov. 27, 2026, 3:00 a.m. ET (8:00 GMT), and you can follow it in the Spain flash inflation (CPI) calendar.

    Next release

    Friday, Nov. 27, 2026, 3:00 a.m. ET (8:00 GMT)

    Sources

    Every figure in this article is checked by code against the official source before publication. Editorial policy · Corrections log. Information, not investment advice.

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