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Switzerland CPI Jan mm -0.4% as expected

Latest inflation data now out

  • -0.4% prev
  • yy -1.3% as exp/prev

The Swiss statistics office say the renewed monthly drop in prices was driven by lower costs for fuel products, clothing and traffic.

As a result, prices still eased 0.4% m/m when excluding fresh products and

energy prices while falling 0.9% on the year.Seasonal products saw the strongest monthly rise, increasing by 2.1%.

USDCHF on session lows at 0.9695 as the equity rout continues.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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