Latest data released by the Federal Statistics Office - 3 December 2019
- Prior -0.2%
- CPI -0.1% vs -0.1% y/y expected
- Prior -0.3%
- Core CPI +0.4% vs +0.2% y/y expected
- Prior +0.2%
Slight delay in the release by the source. Annual headline inflation continues to sit in negative territory, but the core reading sees a mild improvement and that should allow the SNB to breathe easier towards the end of the year.
That said, inflationary pressures overall remain largely absent as it is still a long distance away from the desired 2% level. As such, that should keep some pressure on the SNB to ease further if price pressures start to dwindle again next year.
