Overview

• Spain’s statistics office confirmed September CPI at 3.0%, revised up one tenth, led by higher fuels, electricity and food, with core inflation steady at 2.4%.
• Regional inflation in Spain ranged from 3.5% in Madrid and 3.4% in Valencia to 2.6% in Catalonia and 2.2% in the Canary Islands, leaving the national rate above the ECB’s 2% goal and feeding into pension indexation rules.
• Argentina’s CPI rose 2.1% in September, with core at 1.9%, taking inflation to 22% year to date and 31.8% over 12 months; housing and utilities climbed 3.1% and transport 3.0%.
• Private forecasters say October inflation in Argentina will hinge on the exchange rate and the midterm vote, with early food data showing renewed pressure and projections clustering around 2.0%–2.6%.
• Peru’s economy expanded 3.18% year on year in August, paced by agriculture, commerce and construction, while the fishing sector contracted about 11.5%, according to INEI.