Switzerland’s Consumer Price Index (CPI) has shown a marked decline in August 2024, reaching 1.1%, as revealed by the latest data update on September 3, 2024. This represents a decrease from the previous month’s indicator, which was recorded at 1.3% in July 2024.The updated CPI figures suggest a cooling off in Switzerland’s inflationary pressures on a year-over-year comparison. The CPI now reflects a slightly more restrained increase in prices compared to the same month in the previous year, offering some respite to Swiss consumers amid global economic volatility.This shift in the inflation metric underscores a potentially stabilizing economic environment, although it will be crucial to observe forthcoming data to determine if this trend persists. Analysts and policymakers will be paying close attention to these numbers, as they may influence future monetary policy decisions by the Swiss National Bank.The material has been provided by InstaForex Company – www.instaforex.com
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