Breaking news.. The inflation rate in Spain accelerated for the month of October and for the third quarter.

The National Statistics Office in Spain has just released data on the Consumer Price Index (CPI) for the country for the month of October, which showed positive results as inflation in Spain accelerated again, albeit at a slight pace. The data revealed that the preliminary CPI growth rate in Spain increased to 1.8% year-on-year, which was higher than market expectations that anticipated the index would grow by around 1.7%. The previous reading for September was approximately 1.5%. In the same timeframe, the preliminary reading of the core inflation rate in Spain grew to 1.8% year-on-year, matching market expectations. This latest reading was also higher than the previous reading, which indicated that core inflation in Spain grew by about 1.7% during September. Inflation in Spain also accelerated during the third quarter of this year, stabilizing at the same reading as the previous quarter (0.8%), while markets had expected a slowdown in inflation growth to 0.6% during the same period. It is worth noting that this index measures the change in the prices of goods and services purchased by consumers, and there are two versions of this index released over two different weeks: the preliminary reading and the final reading.