- Prior +0.8%
- CPI m/m -0.1% vs -0.3% expected
- Prior m/m 0.0%
- Core CPI Y/Y +0.8% vs +1.0% prior.
That's a big miss and it further reinforces the need for the SNB to move faster on cuts. The market will likely favour a 50 bps cut for December now.
Switzerland CPI YoY