The United States released two “contradictory” inflation reports last week. The consumer price index increased 0.3% in December and 3.4% from a year ago, compared with respective estimates of 0.2% and 3.2%, which shows inflation still holding a grip on the U.S. economy.
However, the producer price index released last Friday decreased 0.1% for a third straight month - the longest streak since 2020. After tha...