Swiss CPI:
- 0.4% mom vs exp 0.3% mom vs prior -0.1% mom
- 0.6% yoy vs exp 0.6% yoy vs prior 0.7% yoy
Quote from release
“The 0.4% increase compared with the previous month can be explained by several factors including rising prices for air transport. Foreign package holidays also recorded an increase, as did clothing and footwear due to the end of the seasonal sales. In contrast, prices for heating oil, coffee and overnight stays in hotels decreased.”
Full release: Consumer prices increased by 0.4% in February
Comments: No impact on the markets, nor would it change SNB’s neutral stance
