As markets expected, the Consumer Price Index (CPI) rose 0.4% month-on-month (m/m) in December, after rising 0.3% m/m in November. On a twelve-month basis, CPI ticked up to 2.9% (from 2.7% in November). Over 40% of the headline inflation increase was due to a 2.6% m/m increase in energy prices. Even with that big increase […]
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