The annual inflation rate in Spain rose for the second month to 3.1% in October 2025, the highest level since June 2024, up slightly from 3% in September, matching the preliminary estimate. Main upward pressure came from prices of housing & utilities (7.5% vs 7.1% in September), of which electricity, and transportation (2.4% vs 2.2%). Meanwhile, price growth slowed significantly for recreation and culture (0.1% vs 0.6%), mainly due to a drop in package tour prices (-1.1% vs 1%). The core inflation rate, which excludes volatile components like food and energy was confirmed at a ten-month high of 2.5% in October, up from 2.4% in September and August. On a monthly basis, the CPI rose by 0.7% in October, matching an earlier reading, after a 0.3% decrease in the prior month. Considering the EU-harmonised, the CPI increased by 3.2% on an annual basis, and went up 0.5% month-on-month, both in line with the preliminary estimates.