Latest data released by the Federal Statistics Office - 12 February 2021
- Prior -0.8%
- Core CPI 0.0% vs -0.3% y/y expected
- Prior -0.4%
The good news is that core inflation came in flat on an annual basis but much like elsewhere in Europe, there might be temporary factors at play here. In any case, the inflation readings are still nowhere near desirable for the SNB to change their policy stance.
