Flash Spanish October inflation likely weak

The flash Spanish HICP inflation is likely to remain weak. However, it should marginally improve from -1.1% yoy in September to -1.0% yoy in October, driven by a slight recovery in energy prices (gasoline), which nonetheless remain weak. 

Also, the core component is expected to dip marginally in October by one tick to 0.3% yoy.

"Spanish HICP inflation is set to remain in negative territory, averaging -0.7% for 2015 before rising to 0.6% in 2016. The core metric is likely to be 0.2% in 2015 before rising to 0.9% in 2016.", says Societe Generale.