Latest data released by the Swiss Federal Statistical Office - 8 January 2018
- Prior m/m -0.1%
- CPI y/y +0.8% vs +0.8% expected
- Prior y/y +0.8%
The CPI y/y reading remains flat, nothing too much to glean from the data point. As I mentioned in the calendar preview, data points for Switzerland don't matter as much as the SNB's view on the data points themselves.
EU-harmonised CPI rose by 0.2% in December and the EU-harmonised CPI y/y rose to 1.1% from 0.8% prior month.
USD/CHF is at session highs on the day at 0.9773 as dollar strength continues to be the main theme in trading so far today.
