Inflation & Prices
Swiss Inflation Quickens, But Stays Well Within SNB Target Range
- Headline gauge at 1.7% in December, economist est. 1.6%
- Central bank expected to keep rates on hold in first half
Watches in the window display of a Cartier luxury store in Geneva, Switzerland.
Photographer: Jose Cendon/BloombergThis article is for subscribers only.
Swiss inflation accelerated more than anticipated in December, the likely start of a pickup that will see stronger price pressures over the next few months.
Consumer prices rose 1.7% from a year earlier, up from 1.4% in November, the Swiss statistics office said Monday. That was stronger than the median estimate in a Bloomberg survey of economists, which saw an uptick to 1.6%.