Market Updates: Swiss Consumer prices fell by 0.3% in November - Forex News by FX Leaders

Market Updates: Swiss Consumer prices fell by 0.3% in November

Posted Tuesday, December 4, 2018 by
Arslan Butt • 1 min read

The Swiss Federal Statistical Office just released the CPI figure which fell by 0.3% in November 2018 compared with the previous month, reaching 101.8 points (December 2015 = 100).

Inflation was 0.9% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO). The 0.3% drop compared with the previous month can be explained by several factors, including falling prices for international package holidays and overnight stays in hotels. It’s a negative news for the USD/CHF.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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