Swiss CPI m/m - ForexCracked
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Switzerland · Inflation

Swiss CPI m/m CHF

Medium impact Updated after every release
Next release Thu, Oct 1 06:30 UTC · consensus 0.3% · previous 0.4%  

What this release is

The Swiss Consumer Price Index, CPI, measures the monthly change in the prices of goods and services purchased by households in Switzerland. It is published by the Swiss Federal Statistical Office, FSO. This report provides a broad overview of inflationary pressures within the Swiss economy.

Forex traders closely monitor Swiss CPI data because it directly influences the monetary policy decisions of the Swiss National Bank, SNB. Persistent inflation or deflation trends can prompt the SNB to adjust interest rates or implement other policy measures. Such policy shifts can impact the attractiveness of the Swiss Franc, CHF, to international investors, affecting its exchange rate against other currencies.

Market participants typically focus on the headline month over month CPI figure upon its release. Significant deviations from consensus expectations can lead to immediate market reactions. While initial reactions are driven by the headline number, subsequent analysis may consider any revisions to prior months’ data. The release tends to generate notable volatility for the Swiss Franc in the moments following its publication.

How hard it hits, measured

122 releases · own feed
Typical USDCHF move
8pips / 1h
Median absolute move in the hour after the release
Big-release move
16pips / 1h
Top-quarter releases move at least this much
Largest measured
55pips
Biggest one-hour reaction in our archive
Direction reliability
n/a
Unlocks after 8 live-captured releases with consensus. Measured, never estimated
Pair5 min15 min1 hourBig release (1h)
USDCHF2.9p3.9p8.4p16p
AUDCHF2.3p2.8p6.7p11p
CADCHF2.1p2.5p5.1p10p
CHFJPY4.1p5.7p13p24p
EURCHF2.5p3.7p6.4p12p
GBPCHF3.8p6.2p12p18p
NZDCHF2.3p2.8p5.3p9.9p

How we measure: moves come from our own MT4 price feed and our archived minute bars, sampled 5, 15 and 60 minutes after each release against the pre-release price. No estimates, no third-party numbers. Releases where our feed had a gap are skipped, never guessed.

What usually happens

conditional history
Beat above consensus USDCHF closed the hour lower in 25 of 45 cases · median -0.9p n=45 live
Miss below consensus USDCHF closed the hour higher in 27 of 44 cases · median +4.5p n=44 live
In line within the surprise band USDCHF closed the hour higher in 8 of 10 cases · median +4.0p n=10 live

These are counts of what happened after past releases, conditional on the surprise direction. They are history, not a forecast, and never a trade recommendation. Sample sizes are shown because small samples mislead; rows stay locked until the sample is honest.

Release history

accumulates every release
DateActualForecastPreviousRevised toUSDCHF 1h
Sep 3, 20260.4%0.0%-0.1%—-18p—
Aug 3, 2026-0.1%0%0%—+4.4p—
Jul 2, 20260%0.1%0.2%—-9.7p—
Jun 4, 20260.2%0.1%0.3%—+12p—
May 5, 20260.3%0.1%0.2%—-2.3p—
Apr 2, 20260.2%0.1%0.6%—-1.5p—
Mar 4, 20260.6%—-0.1%-0.1%+19p—
Feb 13, 2026-0.1%—0%—-7.1p—
Jan 8, 20260%—-0.2%—+3.9p—
Dec 3, 2025-0.2%0%-0.3%-0.3%+4.1p—
Nov 3, 2025-0.3%-0.2%-0.2%—+14p—
Oct 2, 2025-0.2%—-0.1%—-0.7p—
Sep 4, 2025-0.1%—0%—+4.5p—
Aug 4, 20250%0%0.2%0.2%+10p—
Jul 3, 20250.2%-0.1%0.1%—-6.7p—
Jun 3, 20250.1%0.2%0%—-2.6p—
May 5, 20250%0.1%0%—+19p—
Apr 3, 20250%0.5%0.6%—-12p—
Mar 5, 20250.6%0.1%-0.1%———
Feb 13, 2025-0.1%0.2%-0.1%—-26p—
Jan 7, 2025-0.1%-0.1%-0.1%—+18p—
Dec 3, 2024-0.1%-0.1%-0.1%—-12p—
Nov 1, 2024-0.1%0%-0.3%—+38p—
Oct 3, 2024-0.3%-0.2%0%0%+19p—

Showing the latest 24 of 122 tracked releases.

Reaction = USDCHF move 60 minutes after the release, measured from our own price history. Story links appear for releases our news desk covered; every release gets a row here whether or not it gets a story. Values from before our live tracking began are the current figures in the official statistical series, so they include later revisions; live rows record the number as printed.

Market statistics, not financial advice. All reaction figures are measured from our own price feed under our published methodology.
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