Funcas expects inflation to remain around 4.5% in the coming months

On October 14, the Savings Bank Foundation (Funcas) released new economic projections in Madrid indicating that Spain's general inflation rate is expected to exceed 4.6 percent in October. The institution forecasts that the rate will subsequently stabilize around 4.5 percent in the following months.

According to the released data, Funcas anticipates an average annual inflation rate of 3.7 percent for the current year. Looking further ahead, the foundation projects the average annual inflation rate to moderate to 3.1 percent by the year 2027.