Latest data released by the Federal Statistics Office – 5 May 2021
- Prior -0.2%
- Core CPI 0.0% vs -0.1% y/y expected
- Prior -0.4%
Swiss inflation ticks higher but it can be tied back to base effects, though the core reading also did jump higher as compared to March and is flat on a year-on-year basis. Nonetheless, this will do little to convince the SNB from shifting its policy stance.