The US December CPI and the peak in Australian inflation

Plus, Howard and Costello’s annual Cabinet papers outing; and Congressional stock trading

The US December CPI came in as expected at -0.1% on the month and 6.5% on the year compared to 7.1% in November. CPI less food and energy came in at 0.3% m/m and 5.7% y/y compared to 6% y/y in Novemb…