Korea CPI 3.1% y-o-y (consensus 2.9%) in Feb-24
- Korea's CPI for February 2024 increased to 3.1% year-on-year, exceeding the consensus forecast of 2.9% but only reaching the highest rate since December 2023.
- Despite this increase, the current CPI growth rate is 0.21 percentage points below the one-year average.
Thailand CPI Inflation -0.77% y-o-y (consensus -0.8%) in Feb-24
- Thailand's CPI inflation in February 2024 declined by 0.77% year-on-year, close to the consensus forecast, but was the least negative outcome since November 2023.
- Core inflation slowed marginally further to 0.43% y-o-y, contrary to expectations, sustaining dovish pressure on monetary policy.
Switzerland CPI Inflation 1.2% y-o-y (consensus 1.1%) in Feb-24
- Switzerland's CPI inflation in February 2024 only slowed by a tenth to 1.2% y-o-y, slightly exceeding market expectations of 1.1%.
- This pace still extends the break below the average from most of 2023 to languish well-below the SNB's target.
Bahrain CPI Inflation 0.6% m-o-m in Jan-24
- Bahrain's CPI inflation rate experienced a significant increase of 0.6% in January 2024, marking the highest growth since June 2023.
- The January 2024 inflation rate exceeded the one-year average by 0.53 percentage points, signaling a departure from typical inflationary behaviour.
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