FX.co ★ Spain’s Core Inflation Holds Steady at 3.1% Year-on-Year in October

Spain’s core Consumer Price Index (CPI) remained unchanged in October, with the year-on-year rate holding at 3.1%. According to the latest data updated on 13 November 2026, both the current and previous readings for October 2026 stood at 3.1% on a year-over-year basis.

The figure indicates that underlying inflationary pressures, which strip out more volatile items such as food and energy, have stabilized compared with the same month a year earlier. The “Actual” measure reflects October’s core CPI relative to October of the previous year, while the “Previous” reading captures the change in the prior month relative to its year-ago level, with both measures now aligned at 3.1%. This stability in core inflation may factor into future policy considerations as markets assess Spain’s price dynamics heading into the end of 2026.