Headline CPI stood at 0.44% MoM in November, slightly below Bloomberg’s market consensus of 0.47% and close to our forecast of 0.43%. The monthly number is consistent with a bi-weekly 0.12% deflation.
Consumer prices rose by 0.27% mom in November, above the Bloomberg market consensus of 0.20%, but closer to our 0.29% call. The main positive contributors of the month were housing and utilities ...