He Swiss Consumer Price Index (CPI) grew at a year-on-year rate of 1.7% in December, three tenths above the 1.4% in November, according to the Federal Statistics Office. The data worsens market expectations, which expected a slight increase to 1.5%.
On a monthly level, inflation did not change. The CPI stood at 0% after falling 0.2% the previous month. Forecasts estimated a new drop of 0.2%.
On the other hand, Switzerland has published the adjusted real retail sales data for November, showing a growth of 0.7% compared to the same month of the previous year. This figure beats expectations of 0% and also improves on the 0.3% drop seen in October. This is the first rise seen by the indicator after four consecutive months of falls.
CHF reaction
The Swiss Franc has barely moved following the data. The USD/CHF is currently trading above 0.8506, gaining 0.04% daily, while the EUR/CHF is trading around 0.9300, flat on the day.
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.
