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Swiss inflation nudges up in August amid higher energy prices

investinglive.com · 12dShare

Switzerland August CPI +0.4% vs 0.0% m/m expected (Prior -0.1%) Switzerland August CPI +0.8% vs +0.5% y/y expected (Prior +0.4%) Switzerland August core CPI +0.4% y/y (Prior +0.3%) The surge in petrol prices was the key factor driving up Swiss inflation in August, with that seen 25% higher compared to the same month a year ago. As such, headline annual inflation is seen doubling in August compared to July. However, there was only a slight increase in core annual inflation. And this is the more important metric, one that the SNB looks at more closely to decide on monetary policy setting. For now, the big picture outlook remains that Switzerland is still sitting very close to the bottom of the SNB’s 0% to 2% definition of price stability. So, they are not in a hurry to move on policy in order to address the inflation situation - unlike most major economies. The key complication for the SNB at the moment is the franc currency itself. As a safe-haven currency, renewed geopolitical tensions

First report: Monthly Inflation in Bulgaria Expected to Reach 0.6% in August, Annual Inflation 5.1%, Flash Estimate Shows — bta.bg, 15d