Spain's annual inflation in October exceeds forecasts

By Gokhan Ergocun

ISTANBUL (AA) - The annual inflation rate was at 1.8% in Spain in October, up from 1.5% in September, the country's statistical office INE said on Wednesday.

The market expectation for October was 1.7%.

In October, food and non-alcoholic beverage prices in the country rose 1.8%, while alcoholic beverage prices jumped 3.5%.

Restaurants and hotels saw the highest price rise in October, with 4.7%.

Transportation prices in the country dropped 3.9%.

October's monthly inflation rate was 0.6%.