The CPI will be the final battle tonight. This data will determine the next trend and may jeopardize the rhythm of the interest rate cut in December. The previous value was 2.4%. It is expected that the CPI data will drop from the highest 3.5% to the lowest 2.4% last month.
The decline in the annual CPI rate usually indicates that the pressure of price increases has eased, which may be the result of economic slowdown, reduced demand, improved production efficiency or the central bank's tight monetary policy.