More expensive fuels cause inflation to accelerate to 3.8% in October

In October, inflation rose to 3.8%, driven by a 17.4% increase in fuel prices compared to the previous year. This marks the highest inflation rate in three years, surpassing the 3.6% recorded in September. The rise in energy product prices contributed significantly to this increase, with estimates from INE indicating a 0.2 percentage point acceleration in inflation.