Free Trial
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)
SWITZERLAND JAN CPI +0.6% M/M (FCST +0.5); DEC -0.2% M/M
SWITZERLAND JAN CPI +3.3% Y/Y (FCST +3.1%); DEC +2.8% Y/Y
SWITZERLAND JAN CORE CPI +2.2% Y/Y; DEC +2.0% Y/Y
- Rising energy prices boosted Swiss inflation to +0.6% m/m and +3.3% y/y, outpacing expectations by 0.2pp on the annualised measure. Hotels and food products prices also ticked up.
- Core inflation was stable on the month, yet accelerated by 0.2pp to +2.2% y/y.
- This data is based on the new weighting system drawn from Dec 2021-Nov 2022 consumption surveys and base-year 2020. Restaurants and hotels, recreation/culture and transport have been more heavily weighted (in part boosting the headline figure), whilst food, healthcare and rents have been assigned less weight.
- Despite remaining globally low, sticky inflation is of great concern to the SNB after the almost three-decade high of +3.5% y/y in August. This upside surprise could see the SNB more inclined to hike 50bp at the March 23 meeting. At current a 25bp hike remains the more likely option.
Source: SWISS FEDERAL STATISTICAL 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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok