Preview: What to look for in the December US CPI report ...Middle East

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Preview: What to look for in the December US CPI report
It has been a barren week on the economic data calendar to this point but it picks up on Thursday with the release of the US consumer price index report for December.In my view, the market has largely moved on from the inflation debate and it's increasingly clear that we're back in a 2010s style world of low growth and low inflation. The market has certainly agreed in the past two months but there is still a big difference between a 2.5% inflation world and a 1.5% world; plus even the biggest deflationist would argue there are risks around sticky prices and wages.What's expected:CPI y/y 3.2% vs 3.1% priorCPI m/m +0.2% vs +0.1% priorThe first spot I'll be watching is the headline m/m print. T

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