Switzerland April CPI +0.3% vs +0.3% y/y expected

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.
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