Inflation in Spain stabilizes at 4.9% in October and maintains a three-year high

In October, Spain's inflation rate stabilized at 4.9%, remaining at a three-year high, influenced by falling fuel prices due to government discounts. The underlying inflation rate also held steady at 3.1%. The economic activity showed resilience with a 2.7% GDP growth in Q3, driven mainly by domestic demand. The government's projections indicate continued economic expansion, with expectations of a 2.6% GDP growth for the year and a 2.2% growth by 2027. International institutions like the IMF and OECD support these forecasts, highlighting Spain's robust economic performance compared to other European economies.