Consumer prices expanded 2.5% over the same month of the previous year in December, marking the lowest rate since May 2013. The print came in below the 3.0% increase tallied in November and undershot the 2.7% rise that markets had expected. The slight deceleration mainly reflected a slower increase in prices for food and transportation. For the full year 2013, inflation was 2.6%, which was below both the 2.7% tallied in 2012 and the official inflation target of 3.5%.
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