Swiss September CPI -0.1% vs 0.1%m/m

Federal Statistics Office

• prior 0.0%
• CPI 0.1% vs 0.3% y/y expected
• CPI harmonised -0.4% vs 0.1% prior
• CPI harmonised 0.1% vs 0.5% prior

Inflation going nowhere and the SNB are faced with deflationary pressures.