Inflation slows in December from the prior month

Latest reading: Consumer prices increased 5.0% in annual terms in December, following a 5.2% increase in the prior month. Relative to the previous month's data, there were milder price pressures for housing, water, electricity, gas and other fuels (+7.6% on a year-on-year basis vs +8.0% in November) and transportation (+0.5% vs +1.1% in November). In contrast, price pressures were higher for food and non-alcoholic beverages in December (+5.6% vs +5.0% in November). Meanwhile, harmonized consumer prices were up 3.5% on a year-on-year basis in December, following a 3.7% rise in the prior month. Lastly, consumer prices increased 0.14% in December in month-on-month terms, following a 0.47% rise in the previous month.

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