Latest data released by the Federal Statistics Office - 7 May 2018
- Prior m/m +0.4%
- CPI +0.8% vs +0.9% y/y expected
- Prior y/y +0.8%
- HICP m/m +0.2% vs +0.3% prior
- HICP y/y +0.4% vs +0.7% prior
A miss relative to expectations on all fronts. But the headline reading on a year-on-year basis remains unchanged to March, so it's not the worst of readings. But the EU-harmonised reading falls to +0.4% y/y, so that will be a bit of a drag in the report.
While not a major data point, it's not one that will encourage the SNB to change its outlook on inflation any time soon either.
