Latest data released by the Federal Statistics Office - 4 September 2018

  • Prior -0.2%
  • CPI +1.2% vs +1.2% y/y expected
  • Prior +1.2%
  • Core CPI +0.5% y/y
  • Prior +0.5%
  • HICP 0.0% vs +0.4% m/m prior
  • HICP +1.3% vs +1.2% y/y prior

Very much in-line with estimates and the core reading holds steady for the month. Nothing to change the inflation rhetoric and the SNB's inflation outlook for the time being.