Fall in consumer prices softens in December

Latest reading: Consumer prices fell 0.3% in annual terms in December, following a 0.5% decline in the previous month. Relative to the previous month's data, there were higher price pressures for food and beverages (+1.5% on a year-on-year basis vs +0.5% in November) and recreation and education (+1.0% vs +0.7% in November). In contrast, there were reduced price pressures for housing and utilities (-0.6% vs -0.3% in November) and transportation and communication (-2.9% vs -2.6% in November). Meanwhile, core consumer prices were up 0.6% in annual terms in December, following a 0.7% increase in the prior month. Finally, consumer prices increased 0.04% in December on a month-on-month basis, following a 0.15% increase in the previous month.

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