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Tag Archives: Switzerland inflation

SNB Monetary Policy Assessment June 2017 and Comments

Swiss National Bank leaves expansionary monetary policy unchanged The Swiss National Bank (SNB) is maintaining its expansionary monetary policy, with the aim of stabilising price developments and supporting economic activity. Interest on sight deposits at the SNB is to remain at –0.75% and the target range for the three-month Libor is unchanged at between –1.25% and –0.25%. The SNB will remain active in the foreign...

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Swiss Consumer Price Index in April 2017: Up +0.4 percent against 2016, +0.2 percent against last month

The consumer price index (IPC) increased by 0.2% in April 2017 compared with the previous month, reaching 100.9 points (December 2015=100). Inflation was 0.4% compared with the same month the previous year. These are the results of the Federal Statistical Office (FSO). Switzerland Consumer Price Index (CPI) YoY, April 2017(see more posts on Switzerland Consumer Price Index, ) Source: investing.com - Click to enlarge...

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Swiss Consumer Price Index in March 2017: Up +0.6 percent against 2016, +0.2 percent last month

The consumer price index (IPC) increased by 0.2% in March 2017 compared with the previous month, reaching 100.7 points (December 2015=100). Inflation was 0.6% compared with the same month the previous year. These are the results of the Federal Statistical Office (FSO). Switzerland Consumer Price Index (CPI) YoY, March 2017(see more posts on Switzerland Consumer Price Index, ) Source: investing.com - Click to...

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Swiss Inflation Up +0.6 percent against 2016, +0.5 percent against last month

The Swiss National Bank will have difficulties to weaken the Swiss Franc, because she is obliged to maintain her mandate, the avoidance of inflation. Already in January 2015, she gave up, because continuing interventions – at the excessively high euro rate of 1.20 – could have endangered her inflation mandate. Therefore we expect that EUR/CHF moves towards parity, for more read here. Year on year inflation was 0.6%...

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Consumer Prices in Europe Compared: The Energy Price Turn-Around

Energy prices in Switzerland turned around from a minus 2.4% in November to a +6.8% in December. Oil prices had seen its trough exactly one year ago. Especially in Germany and Spain, this translated into inflation rates, that are close to the ECB target rate of 2%. Switzerland still saw downwards pressures caused by cheaper imports. Despite rising energy costs, total prices of imported goods are down 0.6%. Consumers...

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SNB Monetary policy assessment December 2016 and Comments

When Draghi extended QE in the November ECB meeting, it is was clear that Draghi was wrong. He is expecting lower inflation in 2018, maybe around 1%. The SNB reduced her inflation expectation by 0.1% for both years again, 0.1% in 2017 and 0.5% in 2018. Swiss National Bank leaves expansionary monetary policy unchanged The Swiss National Bank (SNB) is maintaining its expansionary monetary policy. Interest on sight...

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Swiss Producer and Import Price Index, November 2016: +0.1 percent MoM, -0.6 percent YoY

The Producer Price Index (PPI) or officially named "Producer and Import Price Index" describes the changes in prices for producers and importers. For us it is interesting because it is used in the formula for the Real Effective Exchange Rate. When producers and importers profit on lower price changes when compared to other countries, then the Swiss Franc reduces its overvaluation. The Swiss PPI values of -6% in 2015...

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Swiss Producer and Import Price Index, November 2016: +0.1 percent MoM, -0.6 percent YoY

The Producer Price Index (PPI) or officially named "Producer and Import Price Index" describes the changes in prices for producers and importers. For us it is interesting because it is used in the formula for the Real Effective Exchange Rate. When producers and importers profit on lower price changes when compared to other countries, then the Swiss Franc reduces its overvaluation. The Swiss PPI values of -6% in 2015...

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November 2016: Swiss consumer price inflation remain lowest compared to Eurozone and U.S.

Swiss consumer price inflation remain lowest compared to Eurozone and U.S. Swiss consumer price inflation remain the lowest in comparison with different countries in the euro zone and the United States. Consumer prices in the U.S. are driven by rising health care costs and asset price inflation in shelter. In Europe, we see the opposite phenomenon: Rents in Italy or Spain are steady or falling. In Germany and...

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Swiss Producer and Import Price Index, October 2016: +0.1 percent MoM, -0.2 percent YoY

The Producer Price Index (PPI) or officially named "Producer and Import Price Index" describes the changes in prices for producers and importers. For us it is interesting because it is used in the formula for the Real Effective Exchange Rate. When producers and importers profit on lower price changes when compared to other countries, then the Swiss Franc reduces its overvaluation. The Swiss PPI values of -6% in 2015...

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