Catalan inflation rises slightly to 3% in January

Prices in Catalonia slightly increased during the first month of the year, as inflation in January slightly rose to 3%, according to data published by Spain's statistics institute (INE) on Friday.

This is just a mere 0.1 percentage points higher than the inflation figure registered for last year's December.

After a downtrend in food and beverage prices during the last months, costs have increased by 2.2%, although these are still lower compared to the previous year's 7%.

One of the most significant price differences was in olive oil, as the cost was reduced by 12.8% compared to last year's increase of 44.5%.

Regarding housing and electricity costs, prices rose by 7.4% compared to last January's 0.4% increase.

Meanwhile, fuel prices dropped by 0.7% compared to last year, and in January 2024, they were 8.1% lower. One year ago, fuel was cheaper across Catalonia and Spain.

Catalonia started 2024 with a 3.3% inflation registered in January.

Spain has recorded an inflation of 2.9%, down by 0.1 percentage points compared to the estimated inflation reported in late January.