The central bank targets inflation at 4.5 percent plus or minus two percentage points.
On a monthly basis, consumer prices rose 0.78 percent in December, accelerating from a 0.51 percent increase in the previous month. Transport prices recorded the highest increase (1.38 percent), mainly due to a 42.53 percent increase in cost of airline tickets. Food cost rose 1.08 percent; apparel went up by 0.85 percent and housing increased 0.51 percent. In contrast, prices of communication and household articles were flat.