Latest data released by the Federal Statistics Office - 5 July 2018
- Prior +0.4%
- CPI +1.1% vs +1.1% y/y expected
- Prior +1.0%
- HICP 0.0% vs +0.4% m/m prior
- HICP +0.9% vs +1.0% y/y prior
Flat reading on the monthly estimate, but the yearly headline estimate comes in line with expectations and it is a tick higher relative to May's CPI reading. That will continue the upbeat inflation outlook in the Swiss economy and justify the SNB's upwards revision to inflation last month.
