Latest data published by the Federal Statistical Office – June 4, 2020
- Before -1.1%
- Core CPI -0.6% vs -0.6% over one year
- Before -0.5%
Swiss inflation collapsed further in deflation in May, amid the fallout from the virus epidemic, the base reading being the lowest since January 2016.
On the contrary, this will continue to encourage the SNB to continue to intervene in the currency market to avoid an excessive appreciation of the franc.