Madrid - Spain's economic growth slowed to 0.1 per cent in the second quarter, down from 0.3 per cent in the first quarter, the National Statistics Institute said Thursday.

The economy grew 1.8 per cent over the past 12 months, down from 3.8 per cent during all of 2007.

Spain's year-on-year inflation rate rose to 5.3 per cent in July, its highest level since December 1992.

The government was due to announce a new package of 24 measures against the crisis which has hit the economy after a 14-year boom. (dpa)