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The Swiss Franc (CHF) extends gains for the second consecutive day on Tuesday, favoured by higher-than-expected Swiss Consumer Price Index (CPI) data while the US Dollar (USD) remains on the defensive, as US voters head to the polls in the midterm elections.
Chronology
Swiss Franc hits fresh seven-week highs as inflation growth beats expectations
The Swiss Franc (CHF) extends gains for the second consecutive day on Tuesday, favoured by higher-than-expected Swiss Consumer Price Index (CPI) data while the US Dollar (USD) remains on the defensive, as US voters head to the polls in the midterm elections.
- FXStreet: Swiss Franc hits fresh seven-week highs as inflation growth beats expectations
- Investing.com: Swiss inflation hits 1.5% in October, above forecasts, on fuel costs
- investingLive: Swiss inflation surprises higher in October but core prices offer some relief
- Bloomberg: Swiss Inflation Accelerates to Highest in Almost Three Years
Swiss Inflation Accelerates to Highest in Almost Three Years
Switzerland’s inflation rate rose to the highest level in almost three years, driven by the surge in oil costs and a weaker franc.
Swiss Inflation Accelerates to Highest in Almost Three Years
Switzerland’s inflation rate rose to the highest level in almost three years, driven by the surge in oil costs and a weaker franc.
Reporting
- Swiss Franc hits fresh seven-week highs as inflation growth beats expectations
The Swiss Franc (CHF) extends gains for the second consecutive day on Tuesday, favoured by higher-than-expected Swiss Consumer Price Index (CPI) data while the US Dollar (USD) remains on the defensive, as US voters head to the polls in the midterm elections.
- Swiss inflation hits 1.5% in October, above forecasts, on fuel costs
- Swiss inflation surprises higher in October but core prices offer some relief
Switzerland October CPI +1.5% vs +1.3% y/y expected Prior +1.0% Switzerland October core CPI +0.5% y/y Prior +0.5% Swiss headline annual inflation picks up at the start of the third quarter, rising to 1.5% from 1.0% previously. Much like elsewhere around the region, higher energy prices are the main culprit in continuing to feed through to consumer prices. As such, the inflation numbers may look to be heating up again at first glance. But in looking to core annual inflation, that remains unchanged at just 0.5%. That tells us that the broader inflation picture isn't quite as alarming as the headline reading might suggest. And for the SNB, that is the most crucial takeaway here. The central bank has been arguing for months that higher energy costs are largely responsible for the inflation pickup, with limited evidence of second-round effects spilling over to the wider economy. The latest f
- Swiss Inflation Accelerates to Highest in Almost Three Years
Switzerland’s inflation rate rose to the highest level in almost three years, driven by the surge in oil costs and a weaker franc.
Earlier on MacroDigest
- Swiss September inflation rises to 1%, with energy lifting the headline rate
- Swiss Inflation Quickens to 2-Year High Driven by Oil and Franc
- Swiss September inflation rises to 1%, with petroleum prices lifting the headline rate
- Swiss inflation hits 2-year high of 1% in September as petroleum prices climb
- Swiss Inflation Rate Jumps to the Highest Level in Two Years
- Swiss Inflation Rate Jumps to the Highest Level in Two Years
- Swiss Inflation Rate Jumps to the Highest Level in Two Years
- Swiss Inflation Rate Jumps to the Highest Level in Two Years
- Swiss Inflation Rate Jumps to the Highest Level in Two Years
- Swiss Inflation Rate Jumps to the Highest Level in Two Years
- Swiss inflation rises to 0.8% in August on higher energy costs