Switzerland October CPI +3.0% vs +3.2% y/y expected

  • Latest data released by SECO - 3 November 2022
  • Prior +3.3%

The headline annual inflation slows by more than expected in October but is still well above the SNB target range fo a ninth month running. Core inflation was seen steady at 1.8% year-on-year so that will keep the Swiss central bank vindicated in their policy tightening for now.

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