8thJanuary 2024
Monday
On January 8th, Switzerland is set to announce itsmonthly Consumer Price Index (CPI) data.
CHF– CPI m/m
Consumer prices constitute a significant portion of overall inflation. Inflation plays a crucial role in the valuation of currency, as increasing prices often prompt the central bank to increase interest rates to adhere to their mandate of controlling inflation.
In a recent economic update, it was reported that Switzerland experienced a 0.2% decline in consumer prices in November 2023, exceeding the projected drop of 0.1%. This decrease marked a shift from the 0.1% increase observed in October. A historical overview reveals that, since 1950, Switzerland's monthly inflation rate has averaged around 0.18%. The country saw its highest inflation rate of 2.10% in November 1973 and its lowest at -1.00% in July 2004.
The CPI m/m forecast suggests a rise to 0.1%, up from the previous figure of -0.2%.
The next CPI m/m data for Switzerland is scheduled to be announced on Monday at 07:30 am GMT.
The last time, the Swiss CPI m/m was announced on the 4th of December, 2023. You may find the market reaction graph (CHFJPY M5) below:
