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

  • 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.

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

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