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Swiss inflation rises to 0.1% in December.
Summary
Switzerland's annual inflation rose to 0.1% in December from 0% in November, matching analysts' expectations and staying at the lower end of the Swiss National Bank's 0–2% target range.
Content
Switzerland's annual inflation returned to positive territory in December, reaching 0.1% after a flat 0% reading in November. The government published the data on Thursday. The increase matched analysts' expectations. The figure sits at the lower end of the Swiss National Bank's 0% to 2% target range.
Key points:
- Annual inflation was 0.1% in December, up from 0% in November.
- The change matched analysts' expectations reported with the data.
- The rate is at the lower end of the SNB's 0%–2% target range.
- The SNB has indicated it would tolerate inflation temporarily falling below its target range.
- Switzerland's inflation remains significantly lower than in many other European economies.
Summary:
The modest rise keeps inflation inside the SNB's stated target band and continues to reflect relatively low consumer price growth compared with many peers in Europe. Undetermined at this time.
