Year-on-year, prices of food went up 0.7 percent in December (from +0.3 percent in November). Among food, prices rose for fresh food (+5.5 percent, after a 2.2 percent rise in the prior month) while those of other food dropped (-0.1 percent, compared to a flat reading in November). Cost also increased for energy (+4.3 percent from +2.1 percent) and services (+0.9 percent from + 1.0 percent). In contrast, cost fell for manufactured products (-0.9 percent from -0.6 percent).
On a monthly basis, consumer prices are expected to go up 0.3 percent, after remaining unchanged in the previous two months while market estimated a 0.2 percent rise.
The harmonised index of consumer prices are set to increase by 0.8 percent from a year earlier in December, after growing by 0.7 percent in November and faster than consensus of a 0.7 percent gain. On a monthly basis, consumer prices rose 0.2 percent, after remaining unchanged in the preceding two months.