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:
- Forums
- Forex
- (8th of January) Daily News Update by LQDFX
8thJanuary 2024Monday On January 8th, Switzerland is set to...
Featured News
Featured News
The Watchlist
MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
SPONSORED BY The Market Online