
The National Institute of Statistics confirms that the CPI remained at 4.9% in October, driven by the containment of fuel, food, clothing and footwear, while core inflation stands at 3.1%.
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The National Institute of Statistics publishes confirmed data on the Consumer Price Index.
The consumer price index (CPI) remained at 4.9% in October, which remains the highest rate since February 2023 (6%), due to the containment of prices for fuel, food, and clothing and footwear.
The National Institute of Statistics (INE) confirmed this Friday the data advanced two weeks ago, also maintaining underlying inflation (without taking into account the evolution of energy and fresh food prices) at 3.1%, the highest in two and a half years (since March 2024).

Food inflation remains at 2.4% while supermarkets warn of a 778% increase in the costs of electrical adjustment services since 2020, an extra cost that threatens to be transferred to shopping basket prices.

The US midterms and the Republican defeat opened new political and economic perspectives. Indicators such as the Euribor, Brent, Spanish debt and gasoline were already showing downward trends before the elections, although the electoral result could have accelerated the change through geopolitical and fiscal channels. The article analyzes whether the end of the energy shock of 2026 and a more benign evolution of prices and rates is in sight.

The Democratic victory in the US Congress after the midterm elections introduces counterweights to the power of Donald Trump, which Wall Street celebrated with stock market rises and Treasury bonds. However, risks of budget blockage, inflation and increased scrutiny of artificial intelligence remain.

The Plus Ultra airline is preparing a collective dismissal that puts its 679 employees at risk, after receiving a bailout of 53 million euros from the Government during the pandemic. The plan includes withdrawing planes, suspending routes and negotiating temporary measures such as reductions in working hours or ERTE, although the consultation period has not yet begun nor is the final number of layoffs known.

Jensen Huang, founder and until now CEO of Nvidia, was fired this morning after it was revealed that he had three extramarital affairs, including one with an employee under his direct supervision and another with a Chinese businesswoman accused of espionage for Beijing, according to Reuters. The scandal shakes the world's largest microprocessor manufacturer and the artificial intelligence ecosystem, where Nvidia is a key supplier.

President Donald Trump has suggested that Apple CEO Tim Cook replace Jensen Huang at the helm of Nvidia. Huang resigned after revelations of extramarital affairs and ties to a Chinese businesswoman investigated for espionage.