economyFriday, October 30, 20262 sources
INE Reports Inflation at 4.9% in October 2026 Despite Fuel Price Drops
The INE reported that inflation remained at 4.9% in October 2026, despite a drop in gasoline and diesel prices. The underlying inflation rate stayed at 3.1%, marking the highest level since 2023. Inflation has now remained above 4% for three consecutive months.
The INE, the official institution responsible for reporting inflation data, stated that inflation remained at 4.9% in October 2026. This marks the third consecutive month that inflation has exceeded 4%, with the IPC (Índice de Precios al Consumo) reaching its highest level since 2023. The drop in fuel prices did not appear to have a significant impact on the overall inflation rate, as the underlying inflation rate remained at 3.1%.
Sources
IndependentinfobaeOct 30, 12:20 PM
The IPC remains at 4.9% in October despite fuel price drops and reaches highs since 2023The drop in gasoline and diesel prices failed to contain inflation that has now been above 4% for three consecutive months, according to the INE, with the underlying rate remaining at 3.1%
IndependentinfobaeOct 30, 12:17 PM
Inflation remains at 4.9% in October due to the drop in fuel prices