Business · Economy · 4 hrs ago
Inflation in Spain and the eurozone is expected to stay high for months
The war in Iran has pushed up living costs, including fuel and electricity bills.
Prices are now about 5% higher than a year ago, and this rise is expected to last at least until March.
Spain’s annual inflation rate was 4.9% in October, according to the Spanish statistics office’s preliminary estimate.
Inflation across the eurozone reached 4%, as energy prices rose sharply.
The higher costs could add pressure on the European Central Bank to raise interest rates at its December meeting.
Market forecasts include a rate rise, but the source does not say what the bank will decide.
Inflation is expected to remain high in Spain and the eurozone for at least several months.
Spain’s annual consumer price inflation rate was 4.9% in October, according to a preliminary estimate from the INE.
Inflation in the eurozone stood at 4%, driven by rising energy prices.
The article links the rise in living costs to the war in Iran and a base effect that keeps prices elevated compared with a year earlier.
Market consensus expects the pressure to increase the chance of an interest-rate rise by the European Central Bank in December.
- Who
- Consumers in Spain and the eurozone are facing higher costs. The European Central Bank may also be affected by pressure to raise interest rates.
- What
- Inflation is expected to stay high for at least several months.
- When
- The article was published on 10 November 2026. The high inflation is expected to last at least until March next year.
- Where
- Spain and the eurozone.
- Why
- The article attributes the rise to the war in Iran, higher energy prices and a base effect.
This story does not have two clearly opposing sides.
Spain’s annual consumer price inflation rate remained at 4.9%, according to the INE’s preliminary estimate.
Market consensus expected the European Central Bank to consider raising interest rates at its meeting.
- Spain inflation
- 4.9% in October
- Eurozone inflation
- 4%
- Energy prices
- Rose 20.8% in the last month, according to Eurostat
- Expected duration
- At least until March next year