Tuesday, August 3, 2010

Switzerland CPI Rates Fails to meet Expectations


Forex Special


(Barcelona) - Inflation rates, as calculated by the Swiss Federal Statistical Office, turned negative even beyond expectations and continue to slide.

The Consumer Price Index decreased by 0.7% in July, plummeting beyond pessimistic forecast of -0.5%, from a take off point of -0.4% in the previous month. 

The other side of that coin was supposed to be the YoY comparison, but it printed an 0.4% inflation, contrasted with a June reading of 0.5% and a market expectation of 0.7% rise.

Consumer Price Index (MoM)

-0.7%
Actual
-0.5%
Consensus

Consumer Price Index (YoY)

0.4%
Actual
0.7%
Consensus

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