Spain October final CPI +3.1% vs +3.1% y/y prelim

• Prior +3.0%
• HICP +3.2% vs +3.2% y/y prelim
• Prior +3.0%

Core annual inflation is seen at 2.5% in October, slightly higher than the 2.4% reading in September. So alongside Germany, the price pressures here are still making a case for the ECB to stay on hold through to year-end.