Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
SWITZERLAND DATA
Swiss CPI inflation printed in line with consensus at 1.390% Y/Y in May (vs 1.4% cons and prior), and 0.273% M/M (vs 0.3% cons and prior). Core CPI came in lower at 1.155% Y/Y (vs 1.3% cons; 1.2% prior) and 0.214% M/M. The upside risks to the Q2 SNB inflation forecast flagged by President Jordan have not yet materialized.
- For the Y/Y headline rate, this markes a stall after last month's increase. Core inflation was 0.1pp lower than consensus but almost rounded down to 0.2pp lower.
- Re the categories in focus, housing realized its expected uptick, with the housing and energy category coming in at +3.8% Y/Y (vs +3.3% April), driven by an increase in housing rental prices (3.4% vs 2.8% April).
- Imported inflation, however, partly reversed its April increase, coming in at -0.6% Y/Y (vs -0.4% Apr; -1.3% Mar).
- The print might marginally increase the likelihood of an SNB cut in its meeting later this month.
MNI, SECO
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok