Inflation will get tricky to forecast due to VAT-base effects in the coming months and potential big volatility in utility costs in January. The December numbers look off for France and Spain in particular.
Inflation Quick Watch: Only used cars prevented a yuuuuge dovish surprise
Overall food for doves in the inflation report as some of the wage intensive categories show CLEAR signs of decelerating. Used cars increase a whooping 4.45% on the month and without it this would have been a HUGE dovish surprise.
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