Swiss Inflation Rate MoM (Apr) M/M 0.3% vs. Exp. 0.4% (Prev. 0.2%, Low. 0.2%, High. 0.7%)

The Swiss inflation rate of 0.3% month-on-month missed expectations of 0.4%, indicating a slight deceleration in inflation pressure compared to the previous month.

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Swiss Inflation Rate MoM (Apr) M/M 0.3% vs. Exp. 0.4% (Prev. 0.2%, Low. 0.2%, High. 0.7%)

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  • FSO, "The 0.3% increase compared with the previous month is due to several factors including rising prices for petrol, diesel and heating oil. Prices for air transport also recorded a price increase, as did those for international package holidays. In contrast, prices for hotels and supplementary accommodation decreased, as did those for car rental and car sharing."
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This result may influence the Swiss National Bank's (SNB) view on monetary policy moving forward, as it suggests a more subdued inflation environment, potentially impacting the CHF and Euro cross rates.

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