Switzerland June CPI +1.7% vs +1.8% y/y expected

  • Latest data released by SECO - 3 July 2023
  • Prior +2.2%
  • Core CPI +1.8% y/y
  • Prior +1.9%

Core inflation remains somewhat sticky and that will see the SNB maintain their recent policy stance. But at least headline annual inflation has come back down below 2%, the first time since January last year.

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