US EditionSwiss Inflation Rate Unexpectedly Rises in Relief for SNB
10 Articles
10 Articles
Prices rose slightly, among other things, in the hotel industry and for package tours abroad – as well as for vegetables.
Inflation data do not give any reason for further interest-rate reductions. Domestic inflation speaks against it. Therefore, we expect constant interest rates for the September meeting of the Swiss National Bank (SNB).
Consumer prices went up again, after having made a brief incursion into negative territory the previous month. The acceleration of tariffs for local products compensated for the sharp fall in costs for imported commoditiesIn June, inflation increased by 0.1% over one year and by 0.2% compared to the previous month, announced Thursday the Federal Statistical Office (OFS) in a press release. These data are in the upper range of forecasts. The econ…
Swiss CPI returns to positive territory at 0.1% yoy in June - Action Forex
Swiss consumer prices surprised slightly to the upside in June, with headline CPI rising 0.2% mom and turning positive on an annual basis at 0.1% yoy, reversing May’s -0.1% yoy print. Core CPI also firmed to 0.6% yoy from 0.5% yoy, suggesting that underlying inflation pressures remain subdued but stable. Domestic prices were the key […] The post Swiss CPI returns to positive territory at 0.1% yoy in June appeared first on Action Forex.
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