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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 FEB CPI +0.7% M/M (FCST +0.5%); JAN +0.6% M/M
SWISS FEB CPI +3.4% Y/Y (FCST +3.1%); JAN +3.3% Y/Y
- Swiss CPI surprised to the upside in February, accelerating by 0.1pp to +3.4% y/y against consensus expectations of a 0.2pp slowdown. Prices increased by +0.7% m/m, 0.1pp above the January rate and again above expectations.
- Flight costs, package holidays, accommodation, rents and petrol prices were all upwards drivers of Swiss prices in February, whilst heating oil and new car prices eased.
- All up, goods prices rose by +0.5% m/m and services by +0.9% m/m, leaving core prices +0.8% m/m higher. This implied a 0.2pp uptick in annualised core inflation to +2.4% y/y.
- Today's data will further underpin hawkish sentiment at the SNB, whereby a 50bp hike is largely anticipated for the March 23 meet.
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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