Official Spanish data shows that consumer prices fell slightly less than had been expected over the last month. The main culprit is a slight increase in the price of oil related products such as petrol.

July saw record low figures in the consumer price index, it had been expected that October would see a 0.7% fall, but in reality the drop is 0.6%.

A tiny difference, but significant when the huge financial numbers are taken into consideration. Spain, like many EU country’s are expecting a change of around 1% in November.