- Prior +2.6%
- Core CPI +1.9% y/y
- Prior +2.2%
The good news here is that both headline and core annual inflation are seen falling last month, consistent with the trend that we also saw in the euro area region. On a monthly basis, consumer price inflation is seen increasing by 0.3% though. Given the situation overall, it should still point to further tightening by the SNB later this month.