Latest data released by the Federal Statistics Office - 1 July 2021
- Prior +0.6%
- Core CPI +0.3% y/y
- Prior +0.2%
A slight uptick in core inflation but the overall figures are still underwhelming to say the least. There isn't anything here that will get the SNB to move and I don't expect any such developments to take place even in 2H 2021.
