Switzerland December CPI +1.7% vs +1.5% y/y expected

  • Latest data released by the Federal Statistics Office - 8 January 2024
CHCPI
  • Prior +1.4%
  • Core CPI +1.5% y/y
  • Prior +1.4%

Both the headline and core annual inflation readings nudged a little higher in December, so that will keep the SNB guarded to loosen monetary policy any time soon. But with consumer prices holding below 2%, that will allow them to maintain the current policy stance at least.

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