Food inflation stood at 2.5% year on year in October, according to CaixaBank Research’s analysis of the preliminary CPI data. This represents a moderation from September’s 2.7% and brings an end to the increases recorded over the previous two months.
The slowdown in food price increases nevertheless coexists with differences between categories. Fresh food prices rose by 5.5% compared with October 2025, while processed food recorded an increase of 1.2%.
Prices continue to rise, although at a slower pace
The moderation in food inflation means that prices are growing more slowly in year-on-year terms, but it does not imply a widespread fall in the cost of the shopping basket.
The data also reflect developments in food prices as a whole and do not allow these percentages to be applied to the specific behaviour of meat prices or any of its categories.
Headline CPI inflation remains at 4.9%
The flash estimate from Spain’s National Statistics Institute places headline inflation in October at 4.9% year on year, the same rate as in September.
The decline in fuel and lubricant prices for vehicles, together with more moderate developments in food and non-alcoholic beverage prices, helped contain the index.
Conversely, gas, liquid fuels and package holidays exerted upward pressure, with package holiday prices falling less than in October of the previous year.
