Switzerland January CPI +1.6% vs +1.5% y/y expected

  • Latest data released by the Federal Statistics Office - 11 February 2022
  • Prior +1.5%
  • Core CPI +0.8% y/y
  • Prior +0.8%

Swiss inflation ticks a little higher in December but core inflation is still holding and not really running away. That will allow the SNB to breathe easier considering the divergence seen with the ECB policy outlook at the moment.

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