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

03/06/2025 | 06:30 GMT

Latest data released by the Federal Statistics Office - 3 June 2025

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

That is the first negative headline print since March 2021 and core annual inflation is also easing further. Deflation is back on the menu and the SNB is put in a tough spot amid a stronger franc as well.

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