DECPI
  • Prior +3.2%
  • CPI +0.1% vs +0.1% m/m expected
  • Prior -0.4%
  • HICP +3.8% vs +3.8% y/y expected
  • Prior +2.3%
  • HICP +0.2% vs +0.3% m/m expected
  • Prior -0.7%

Despite the increase in the headline reading, core annual inflation actually eased further from 3.8% in November to 3.5% in December. And the breakdown also shows a further decline in services and food inflation (hence, energy being the cause for the jump above), so that is still a welcome development overall.