SNB raised its policy rate by a further 50 basis points from -0.25% to +0.25%, moving rates from negative territory for the first time since 2011.
Full story here
Are you the author?
Previous post
See more for
Next post
Tags: Business & Economy,Editor's Choice,Featured,newsletter,Personal finance
In September 2022, Switzerland’s consumer price index (CPI) fell by 0.2% compared with the previous month, according to data from Switzerland’s Federal Statistical Office (FSO).
The 0.2% month-on-month fall was due to falling prices for fuels, heating oil, hotels and related accommodation. Falls in the prices of these items were offset by higher clothing and footwear prices.
Monthly deflation left the year-on-year inflation rate at 3.3% compared to a peak of 3.5% in August 2022.
Since the end of December 2020, prices have risen by 4.6%, an annualised rate of 2.6%, not far above the central bank’s target rate of inflation of 2%. Over the 5 years from September 2017 Switzerland’s annual inflation has averaged 0.9%, well below the target rate.
To head off the recent rise in inflation the Swiss National Bank has hiked interest rates twice. In June 2022 it moved its policy rate from -0.75% to -0.25%. In September 2022, the Home › 3) Swiss Markets and News › 3.) Personal Finance › Inflation turns negative in Switzerland in September
Previous post
Next post
Inflation turns negative in Switzerland in September
Published on October 7, 2022
Permanent link to this article: https://snbchf.com/2022/10/news-inflation-turns-negative-switzerland-september/
Donate to SNBCHF.com
Donate to SNBCHF.com Via Paypal or Bitcoin To Help Keep the Site Running
Please consider making a small donation to Snbchf.com. Thanks
Bitcoin wallet: bc1qa2h6hgd0xkuh7xh02jm5x25k6x8g7548ffaj3j
Receive a Daily Mail from this Blog
Live Currency Cross Rates
On Swiss National Bank
-
SNB Sight Deposits: decreased by 4.3 billion francs compared to the previous week
5 days ago -
USD/CHF stays above 0.9100 nearing the highs since October
2024-04-16 -
Pound Sterling falls back as upbeat US Retail Sales strengthen US Dollar
2024-04-15 -
Canadian Dollar remains vulnerable after strong US Retail Sales
2024-04-15 -
2024-04-09 – Martin Schlegel: Interest rates and foreign exchange interventions: Achieving price stability in challenging times
2024-04-09
Main SNB Background Info
-
SNB Sight Deposits: decreased by 4.3 billion francs compared to the previous week
5 days ago -
The Secret History Of The Banking Crisis
2017-08-14 -
SNB Balance Sheet Now Over 100 percent GDP
2016-08-29 -
The relationship between CHF and gold
2016-07-23 -
CHF Price Movements: Correlations between CHF and the German Economy
2016-07-22
Featured and recent
-
6 Monate ohne Gehalt leben? Für die meisten Deutschen kein Problem! #gehalt
-
How Nations Escape Poverty – Vietnam & Capitalism
-
Spektakulärer Aussetzer! Als Helge Lindh (SPD) die Nerven verlor!
-
Unwirksame Klauseln im Mietvertrag #shorts
-
Diese Zahl solltest Du kennen | Geld ganz einfach
-
A collection of my best advice on meditation
-
Gold Kilo Bars
-
Gold & Silver Start to Take Off: Will Americans Get on Board?
-
Why American Silver Eagles Are the Ultimate Investment Choice for Both Beginners and Experts
-
Wie 1.000 Euro investieren?
More from this category
- The Money Supply Is Growing Again and the Fed Wants It that Way
17 May 2024
- Mises’s Epicurean Ethics
17 May 2024
- Human Action: The Antidote to Progressivism
17 May 2024
- The National Security Complex: Contemporary Statism on Steroids
17 May 2024
- Welcome and Opening Remarks
17 May 2024
- Mateusz Machaj on Economists and Inflation
17 May 2024
- No, Corporate Profits Don’t Cause Inflation
17 May 2024
- There Are Good Reasons Why Consumer Confidence Is Low
17 May 2024
- Brad Delong is Totally Wrong about Inflation & Fed Policy
17 May 2024
- Ludwig von Mises on Ethics
17 May 2024
- Nuclear Option Has Foreign Central Banks Dodging the Dollar and Going for Gold
17 May 2024
- My Discovery of Human Action and Mises as a Philosopher
17 May 2024
- The Hush-Money Case against Trump Is Ridiculous and Revealing
17 May 2024
- Thinking Properly about Public Welfare
17 May 2024
- How Does Money in Our Possession Acquire Value?
17 May 2024
- Blowback in the African Coup Belt
17 May 2024
- Profit Is Not Plunder
17 May 2024
- War Hysteria Fuels New Attacks on Free Speech
17 May 2024
- Zwolinski Tries to Take Rothbard to the Mat
17 May 2024
- As the Dollar Falters, Gold Becomes Insurance, Not Speculation
17 May 2024