Headline CPI Hotter Than Expected In December, Food Costs Hit Record High
Headline Consumer Price Inflation printed hotter than expected in December, +0.3% MoM vs +0.2% exp and +0.1% prior, pushing the YoY headline CPI up to +3.4% (from +3.1% prior and hotter than the +3.2% exp)...
Source: Bloomberg
Services (Shelter mostly) costs re-accelerated and energy deflation stalled in December...
On the brighter side, core CPI rose 0.3% MoM as expected, dropping the YoY change below 4.00% (3.93%) for the first time since May 2021...
