Swiss CPI measures how fast consumer prices are rising year-on-year, the key inflation gauge the Swiss National Bank watches when setting interest rates.
Actual
1.6%
Forecast
1.4%
Previous
1.6%
Source: Swiss Federal Statistical Office. Figures as released; revisions appear in the next print.
Switzerland Inflation Rate (CPI) for August 2023 came in at 1.6% versus 1.4% expected (previous 1.6%), above forecast, which was positive for the CHF.
What it meant for the Swiss Franc
The actual landed above the 1.4% forecast (0.2 above expectations). A reading above forecast is generally bullish for the CHF, and below forecast bearish. On this release the read was positive for the CHF.
New to this release? See what Switzerland Inflation Rate (CPI) measures, the next release and its full history.