Nov 24 - Spanish industrial prices fell 7.8% in the 12 months through October, the National Statistics Institute (INE) said on Friday.

INE revised up the year-on-year decline in the period through September to a 8.5% price contraction from an initial 8.6%.

Industrial prices fell 1.5% in October from September, INE said. (Reporting by Matteo Allievi, editing by Inti Landauro)