🇺🇸❗️*U.S. DEC. CONSUMER PRICES INCREASE 0.5% M/M; EST. 0.4%

• U.S. December consumer prices ticked higher to 7.0% Y/Y from the previous 6.8% (highest since the early 1980s), this was in line with the Bloomberg median survey. The M/M figure printed at 0.5%, above market consensus but slower than the previous 0.8%

• The main indexes showed Used Cars rising the most at 3.5% M/M and fuel falling by 2.4%. The broad energy index decreased 0.4%, this was the first monthly decline since May 2020. We could now expect these energy figures to be politicized/celebrated somehow

• Even thou the Y/Y release came higher than previous, the December monthly change diverged from November's where we saw a broader increase in the main baskets, all not seasonally adjusted indexes came higher in November. This month, the negative impulse is energy related, we would have to wait to see if this spreads to other components in January