ECONOMY

Inflation was flat in December — does that set up the next rate cut?

Annual urban inflation was unchanged at 12.3% in December, the same pace at which prices rose the month before. This came even as the price of food and beverages rose 1.5% year-on-year last month compared to 0.7% y-o-y in November, according to data from state statistics agency Capmas. Beyond food, the data shows “not just…