Switzerland Consumer Price Indes rises at a steady pace of 0.6% Year-on-Year (YoY) in May, but slower than estimates of 0.8%. On a monthly basis, inflationary pressures grew moderately by 0.2% vs. estimates and the previous reading of 0.3%.
Economic Indicator
Consumer Price Index (YoY)
The Consumer Price Index (CPI), released by the Swiss Federal Statistical Office on a monthly basis, measures the change in prices of goods and services which are representative of the private households’ consumption in Switzerland. The CPI is the main indicator to measure inflation and changes in purchasing trends. The YoY reading compares prices in the reference month to the same month a year earlier. Generally, a high reading is seen as bullish for the Swiss Franc (CHF), while a low reading is seen as bearish.
