Annual headline inflation fell from 0.9% in November to 0.4% in December, which is the lowest rate on record. Inflation remains well below the Central Bank’s target of 3.0% with a tolerance margin of plus/minus 1.0%. The core inflation index, which excludes volatile items such as fresh food and fuel, rose 0.1% over the previous month (November: +0.4% month-on-month). Meanwhile, annual core inflation inched up from 3.5% in November to 3.6% in December.
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