Switzerland's Inflation Slows for First Time in Eight Months
6 Articles
6 Articles
Consumer prices remained stable compared to May and rose only 0.5% year-on-year, in line with the expectations of economists. While the situation in the Middle East weighs on hydrocarbons, food and beverages fall Consumer prices in Switzerland started to decline in June, thanks to a fall in the food and beverage sector, which partially offset the acceleration of oil prices. Inflation increased during the period under review by 0.5% over a year. …
While the overall result is below the average Swiss National Bank forecast for this quarter, it remains comfortably within the range of 0% to 2% set by the authorities.
The price index stabilised over a month in Switzerland in June, rising by only 0.5% over a year, while underlying inflation remains limited to 0.3%, one of the lowest levels in the developed world.
The CPI is moderated in June despite the rise in prices of vegetables, hotels and car hire, while energy and air transport are dropping prices downwards.
Swiss CPI Slows to 0.6% as Imported Price Pressures Fade Further - ActionForex
Swiss inflation remained subdued in June, with consumer prices unchanged on the month and annual headline inflation easing from 0.6% yoy to 0.5% yoy, in line with market expectations. Core inflation, which excludes fresh and seasonal products as well as energy and fuel, was also flat on the month and held steady at 0.3% yoy, […] The post Swiss CPI Slows to 0.6% as Imported Price Pressures Fade Further appeared first on ActionForex.
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
