Inflation in Catalonia falls to 2% in January as electricity and fuel costs ease

Inflation in Catalonia fell by five-tenths of a percentage point in January to 2%, according to data released by Spain's National Statistics Institute (INE) on Friday.

The slowdown, as measured by the Consumer Price Index (CPI), was largely due to electricity and fuel prices, which rose less sharply than a year earlier.

Catalonia's inflation rate came in below the average rate for Spain, where inflation dropped by six-tenths to 2.3%.

Food prices rose 2.6% year-on-year, led by eggs, which jumped 21.7% compared with a year earlier.

Core inflation, which excludes more volatile items, stood at 2.2% for the third consecutive month and remained below the Spanish average of 2.6%.

Compared with the previous month, prices fell by four-tenths of a percentage point both in Catalonia and across Spain.

January's figure marks the first time in seven months that inflation in Catalonia has stood at 2%, last recorded in June 2025.

The rate aligns with the European Central Bank's target of keeping price growth close to 2%.

Across Spain, Madrid recorded the highest annual increase of 3%.