Switzerland April CPI 0.0% vs +0.2% y/y expected

  • Latest data released by the Federal Statistics Office - 5 May 2025
  • Prior +0.3%
  • Core CPI +0.6% y/y
  • Prior +0.9%

Swiss inflation comes in lower than estimated with the headline reading touching 0% for the first time since March 2021. Meanwhile, core inflation is also seen slowing further and that will add worry for the SNB amid a stronger franc currency in the past month or so. Deflation is back on the menu.

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