ICYMI:🇨🇭Switzerland Inflation Rises to 3.4% on Year in June

• Swiss headline prices hit a 29-year high as they expand at 3.4% Y/Y in June, the core figure came at 1.9%

• Energy products and petro led the gains, transport prices followed. Food accelerated to 1.9% Y/Y, housing, utilities expanded at 4.5%. Imported goods recorded an 8.5% Y/Y rise.

• Headline prices show further acceleration away from the SNB's target, core is close to 2% as Ukraine crisis have pushed up energy prices and caused supply disruptions