Switzerland December CPI -0.3% vs -0.2% m/m expected

Latest data released by the Federal Statistics Office - 9 January 2019

• Prior -0.3%
• CPI +0.7% vs +0.8% y/y expected
• Prior +0.9%

• Core CPI +0.3% vs +0.2% y/y expected
• Prior +0.2%

The headline figure eases once again after peaking in July/August but the SNB can take heart that the core inflation measure actually ticked higher. However, the latter measure continues to sit close to the 0% level and that isn't all too encouraging with headline inflation pressures looking to move towards a downtrend now.