BOFIT Viikkokatsaus / BOFIT Weekly Review 2016/02
The December price trend was unremarkable: consumer price inflation held at 1.6 % y-o-y, while producer prices continued to decline nearly 6 % y-o-y. Although producer price inflation suggests persisting excess capacity problems and deflationary pressure, there was nothing immediately new or disconcerting in the latest data, making it hard to interpret or explain recent market uncertainty.