Switzerland February CPI m/m +0.4% vs +0.3% expected

Latest data released by the Federal Statistical Office — 6 March 2018

  • Prior m/m -0.1%
  • CPI y/y +0.6% vs +0.6% expected
  • Prior y/y +0.7%
  • EU harmonised m/m +0.3% vs -0.5% prior
  • EU harmonised y/y +0.5% vs +0.8% prior

Pretty much in line with expectations. A slight dip in the y/y figure, but it’s not like the SNB are in a hurry to raise rates or anything.
USD/CHF at 0.9412, EUR/CHF at 1.1612, both barely changed from the data release.
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