He Swiss Consumer Price Index (CPI) rose 1.4% year-on-year in April, surpassing the 1% increase in March and registering its largest increase in four months, as reported by the country's Statistics Office. The figure exceeds market expectations, since an increase of 1.1% was expected.
Monthly inflation has grown by 0.3% compared to the previous 0%, placing it above the estimated 0.1%.
Switzerland also released its adjusted real retail sales data, which fell 0.1% year-on-year in March after rising 0.2% in February. The figure disappoints the market forecast, which estimated an increase of 0.2%.
Swiss franc reaction
The Swiss Franc has strengthened amid higher-than-expected inflation data in Switzerland. USD/CHF has fallen sharply on the news, plunging from 0.9145 to 0.9098, a new three-day low.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
