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Consumer Prices (Jan.) & Retail Sales (Dec.)

Consumer prices increased by 0.2% m/m seasonally adjusted in January, as a sharp 0.6% m/m jump in food prices offset the gasoline-related 0.8% m/m decline in transportation prices. Added to some unfavourable base effects, that was enough to push the annual rate of headline inflation up to 2.0%, from 1.6%.

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