Flash October Spanish inflation set to print at -1.0% yoy

Flash Spanish HICP inflation is expected to remain weak. However, it should marginally improve from -1.1% yoy in September to -1.0% yoy in October, driven by a slight recovery in energy prices (gasoline), which nonetheless remain weak. Also the core component is expected to dip marginally in October by one tick to 0.3% yoy. 

Spanish HICP inflation is set to remain in negative territory, averaging -0.7% for 2015 before rising to 0.6% in 2016. 

"We expect the core metric to be 0.2% in 2015 before rising to 0.9% in 2016", says Societe Generale.