Spain October preliminary CPI +3.1% vs +2.9% y/y expected

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

Core annual inflation is seen rising from 2.4% in September to 2.5% in October. So, that'll continue to support the narrative of the ECB sitting on their hands on policy setting for what's left of this year.