Switzerland May CPI -0.1% vs -0.1% y/y expected

• Prior 0.0%
• Core CPI +0.5% y/y
• Prior +0.6%

That’s the first detrimental headline print since March 2021 and core annual inflation can be easing additional. Deflation is again on the menu and the SNB is put in a tricky spot amid a stronger franc as properly.

This text was written by Justin Low at www.forexlive.com.



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