Latest data released by the Federal Statistics Office - 5 March 2019
- Prior -0.3%
- CPI +0.6% vs +0.5% y/y expected
- Prior +0.6%
- Core CPI +0.4% vs +0.5% y/y expected
- Prior +0.5%
A slight rebound there in headline inflation but the key takeaway here is the core inflation actually fell in the month of February, so that will negate the positive tone seen in the headline reading. This will continue to highlight that the SNB is still a long way to go towards sustainable inflation pressures to normalise policy.
