Swiss CPI seen ticking higher in 2016 – Swiss Government

The Swiss Government has released its updated forecasts for economic growth and inflation.

It now expects consumer prices tracked by the CPI to contract 0.4% during the current year and rising 0.3% in 2017, up from previous readings at -0.6% and 0.2%, respectively.

No changes in regard to GDP, expected to expand at an annual pace of 1.4% in 2016 and 1.8% next year.