- Prior +1.0%
- Core CPI +1.2% y/y
- Prior +1.0%
After having talked about successfully beating inflation, this is a minor setback for the SNB. Headline annual inflation was a beat on estimates, coming in at 1.4% with core annual inflation also ticking higher to 1.2%. Still, the numbers are keeping well below the crucial 2% mark for now. And that's the important thing in vindicating the SNB's policy pivot.
