Swiss CPI Slows to 0.4%, Below SNB Forecast – Nomura
Swiss consumer price inflation slowed to 0.4% year-on-year in July, missing the Swiss National Bank’s projections, according to Nomura strategists. Softer car fuel prices and easing imported energy costs contributed to the downside surprise.
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Swiss consumer price inflation slowed to 0.4% year-on-year in July, according to Nomura strategists, coming in below the Swiss National Bank’s own forecast path.
The deceleration was supported by cheaper car fuel and easing imported energy prices. The data points to a continued subdued inflation backdrop in Switzerland.
The print underscores a divergence from the SNB’s expectations, highlighting the lack of upside price pressures.
Source: FXStreet Forex News