{"id":461374,"date":"2026-06-04T23:29:15","date_gmt":"2026-06-04T23:29:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/461374\/"},"modified":"2026-06-04T23:29:15","modified_gmt":"2026-06-04T23:29:15","slug":"swiss-inflation-holds-steadier-in-may-core-estimate-remains-subdued","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/461374\/","title":{"rendered":"Swiss inflation holds steadier in May, core estimate remains subdued"},"content":{"rendered":"<p>CPI +0.6% vs +0.8% y\/y expectedPrior +0.6%Core CPI +0.3% y\/yPrior +0.3%<\/p>\n<p class=\"text-align-justify\" data-v-6bf95c48=\"\">Swiss headline annual inflation holds steady at 0.6% in May, with the monthly estimate showing a 0.2% increase in prices compared to April. The slight increase on the month was largely driven by rising<br \/>\nhousing rentals and higher prices in the hotel sector, alongside higher petrol, car rental<br \/>\nand car sharing prices.<\/p>\n<p class=\"text-align-justify\" data-v-6bf95c48=\"\">As for the core estimate, there was an increase of 0.1% on the month but the annual reading remains the same as in April at 0.3%.<\/p>\n<p class=\"text-align-justify\" data-v-6bf95c48=\"\">This indicates that while there is some increase in price pressures in the Swiss economy from higher energy prices, it isn&#8217;t enough to really change the inflation outlook all too much for now.<\/p>\n<p class=\"text-align-justify\" data-v-6bf95c48=\"\">Given time, we can expect a broadening in inflation pressures in the economy. But considering the low base to begin with, it&#8217;s not likely to materially shift the conversation for the SNB. That especially with the Swiss franc continuing to keep in a firmer position as a whole. Despite the rebound since March, EUR\/CHF is still down 1.4% so far this year.<\/p>\n<p class=\"text-align-justify\" data-v-6bf95c48=\"\">And a stronger currency will continue to fuel deflation fears, which remain the key risk for the SNB in the bigger picture.<\/p>\n","protected":false},"excerpt":{"rendered":"CPI +0.6% vs +0.8% y\/y expectedPrior +0.6%Core CPI +0.3% y\/yPrior +0.3% Swiss headline annual inflation holds steady at&hellip;\n","protected":false},"author":2,"featured_media":461375,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-461374","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/461374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=461374"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/461374\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/461375"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=461374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=461374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=461374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}