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  • Swiss headline inflation is likely to pick up further as the disinflationary impact of the strong CHF eases.
  • Second-round effects from the energy shock on core prices now look increasingly likely.
  • The Swiss economy looks set for a spell of stagflation, just like its Eurozone neighbours. 

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Keywords for: 28 April 2026 Eurozone Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence