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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
PORTUGAL
Portugal flash December inflation showed further softening in headline and core components on an annual and monthly basis, with headline Y/Y HICP falling to the lowest level since October 2021.
- Core CPI (ex-energy/unprocessed foods) fell by an unrounded -0.23% M/M (vs -0.22% prior), with the annual rate slowing to +2.57% Y/Y (vs +2.86% prior).
- The press release highlights food price disinflation as a key driver of the deceleration, with unprocessed food falling -0.93% M/M and processed goods falling -0.26% M/M.
- Energy base effects showed signs of wearing off, with annual energy inflation printing at -10.45% (vs -12.39% prior). However, prices still fell -2.17% on the month (vs -1.89% in November).
- Headline CPI was an unrounded +1.37% (vs +1.54% prior) and -0.46% M/M (vs -0.31% prior) while headline HICP came in at -0.8% M/M (vs -1.0% prior) and +1.8% Y/Y (vs +2.2% prior) - below the ECB's 2% target.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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