Swiss CPI rose 0.1% mom in Jun, below expectation of 0.2% mom. Core CPI (excluding fresh and seasonal products, energy and fuel) was flat mom. Domestic products prices rose 0.2%. Imported products prices dropped -0.3% mom.
For the 12 month period, CPI slowed from 2.2% yoy to 1.7% yoy, below expectation of 1.8% yoy. Core CPI ticked down from 1.9% yoy to 1.8% yoy. Domestic products inflation dropped from 2.4% yoy to 2.3% yoy. Import products inflation turned negative from 1.4% yoy to -0.1% yoy.