Switzerland October CPI +0.2% vs +0.1% m/m expected

Latest data released by the Federal Statistics Office - 1 November 2018

• Prior +0.1%
• CPI +1.1% vs +1.1% y/y expected
• Prior +1.0%
• Core CPI +0.4% vs +0.5% y/y expected
• Prior +0.4%

Headline readings improved relative to September but core inflation held steady for the month. Nothing to really suggest that the SNB should deviate from the current rhetoric of waiting for the ECB before moving to normalise policy.