Summary: US CPI increases by 0.5% in December, above expectations; “core” rate up 0.6%, as above expected figure; “no evidence inflation pressures abating”; US inflation yet to peak as labour market tightens further, wage pressures grow; non-energy commodities, rents main drivers of headline rise. The annual rate of US inflation as measured by changes in the consumer price index (CPI) halved from nearly 3% in the period from July 2018...