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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
SWITZERLAND DATA
MNI (London)
SWISS AUG CPI +0.3% M/M (FCST +0.2%); JUL 0.0%
SWISS AUG CPI +3.5% Y/Y (FCST +3.4%); JUL 3.4%
- Swiss CPI ticked up a further 0.1pp to +3.4% y/y in August, and accelerated by +0.3% m/m after remaining flat at 0.0% m/m in July.
- Both readings are marginally higher than forecast, where Swiss inflation was expected to stall.
- With core inflation reaching the SNB's threshold of +2.0% y/y in both July and August (and a series high for Switzerland), this underscores the need for further tightening by the SNB in upcoming months as inflation becomes more broad-based. The SNB is likely to exit negative rates at the September 22 meeting (the key policy rate was hiked to -0.25% from -0.75% back in June).
- Food prices alone expanded by +1.0% m/m, whilst largely imported clothing was up by 3.5% m/m as imported inflation rises.
Source: Swiss Federal Statistic Office
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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