Switzerland April CPI 0.0% vs +0.2% y/y expected

• Prior +0.3%
• Core CPI +0.6% y/y
• Prior +0.9%

Swiss inflation comes in lower than estimated with the headline reading touching 0% for the first time since March 2021. Meanwhile, core inflation is also seen slowing further and that will add worry for the SNB amid a stronger franc currency in the past month or so. Deflation is back on the menu.

This article was written by Justin Low at www.forexlive.com.