Consumer prices were down a seasonally adjusted 0.1 percent on month in December, the Ministry of Internal Affairs and Communications said on Friday.
That missed forecasts for a flat reading following the downwardly revised 0.3 percent increase in November (originally 0.4 percent).
On a yearly basis, consumer prices were up 2.1 percent versus expectations for a gain of 2.3 percent and down from 2.9 percent in the previous month.
Core CPI was up an annual 2.4 percent – in line with expectations and down from 3.0 percent a month earlier.
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