Swiss CPI dropped -0.1% mom in September, versus expectation of 0.1% mom. Over the year, CPI slowed to 0.1% yoy, down from 0.3% yoy and missed expectation of 0.3% yoy. Looking at some details, core inflation rose 0.0 mom, 0.4% yoy. Domestic products inflation dropped -0.1% mom, rose 0.4% yoy. Imported products inflation rose 0.0% mom, dropped -0.5% yoy.
FSO also said the decrease of 0.1% compared with the previous month can be explained by several factors including falling prices for foreign package holidays and petrol. The prices of airfares and hotel accommodation also declined. In contrast, prices for clothing and heating oil increased.
