Inflation in Catalonia climbs to 3.4% in January

Inflation in Catalonia rose by three tenths of a percentage point to 3.4% in January, according to figures published on Tuesday by Spain's National Statistics Institute (INE). 

Core inflation, which excludes energy and food prices, fell by two-tenths to 3.6%. 

The rise in inflation comes after the partial withdrawal of the anti-crisis measures put in place by the Spanish government.

Spain's economy grew 2.5% in 2023

The Spanish economy grew by 2.5% in 2023, exceeding all expectations, including those of the Spanish government.

This means that the GDP at current prices will be just over just over €1.462 trillion, 8.6% above the level of 2022. 

The growth of the Spanish economy comes after a final quarter of acceleration, with an increase of 0.6% between October and December, two tenths above the previous quarter. 

In year-on-year terms, in the fourth quarter, the economy grew by 2% compared to the same period in 2022.