Latest data released by the Federal Statistics Office - 5 January 2021

  • Prior -0.7%
  • Core CPI -0.4% vs -0.2% y/y expected
  • Prior -0.2%

Swiss inflation keeps on the weaker side towards the end of last year and that just reaffirms the current SNB policy stance for the most part. Core inflation remains in deflation territory so there is little change to the status quo for now.