Annual headline inflation inched up from 0.6% in November to 0.7% in December, which matched market expectations. Inflation is still below the Central Bank’s target of 2.5% with a tolerance margin of plus/minus 1.0 percentage points. Meanwhile, the core consumer price index, which excludes food and energy prices, decreased 0.2% over the previous month in November (the latest month for which data are available). Annual core inflation fell from 1.4% in October to 1.1% in November.
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