Consumer prices were up a solid 0.5% month-on-month (m/m) in December, slightly slower than November’s 0.8% jump, but a tenth higher than markets were expecting. That took the year-on-year (y/y) pace of inflation to 7% – the fastest pace since 1982. In a key shift, energy prices fell in December (-0.4% m/m), but remained up […]

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