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Why MNI
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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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Free AccessHeadline Inflation Falls to 5.5% Y/Y, Lowest in Over Two Years
- Consumer prices rose 5.5% y/y (Est: +5.9%) in December versus +7.9% in November, according to the Central Statistical Office, marking the lowest reading in more than two years. Month-on-month, prices fell 0.3% (Est: -0.2%) compared to flat the month prior. The seasonally adjusted core rate fell to 7.6% from 9.1%.
- Among the CPI sub-categories, food prices increased by 4.8% y/y, while household energy prices went down by 13.9%. Services prices were up 12.4%, while consumer durables fell by 1.0%.
- The faster-than-expected drop in the headline rate, along with the success in unlocking frozen EU monies, may add to pressure on the NBH to increase the pace of base rate easing from 75bps (note a 100bp option was considered in December). The central bank meet next on Jan 30.
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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.