Spain October preliminary CPI +3.5% vs +3.5% y/y prior

<ul><li>Prior +3.5%</li><li>HICP +3.5% vs +3.7% y/y expected</li><li>Prior +3.3%</li></ul><p>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.</p>

This article was written by Justin Low at www.forexlive.com.