Swiss inflation slowed to 1.3% YoY in June, down from 1.4% in May, with core inflation at 1.1%.
Swiss inflation unexpectedly slowed in June, with consumer prices rising 1.3% year-on-year, down from May's 1.4%. The decline was partly due to a 0.2% drop in goods costs. The Swiss National Bank has lowered borrowing costs for two consecutive meetings, and economists predict one more reduction in interest rates this year. Core inflation moderated to 1.1%, defying expectations for a quicker rise.
July 04, 2024
5 Articles