Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SwitzerlandSwitzerland CPI MoM climbed to 0.4% in August 2026
FMPMonthlyReleased September 2026
Switzerland CPI MoM climbed to 0.4% in August 2026, released September 2026, up 0.5% from July's -0.1% reading. The print came in hotter than the 0.0% consensus, a hotter print than forecasters anticipated. The print is running well above the 12-month average of 0.12%. Over the past 3 months, CPI MoM averaged -0.05%, vs 0.23% in the prior 3-month window.
Latest Release
0.4
Actual
0
Consensus
-0.1
Previous
Median Absolute Error
±0.05 percentage points
across last 5 releases
Last Call
Sep 2026
Predicted: -0.03
Actual: 0.4
Error: -0.43
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| CHF/JPY | ▼ Inverse | −0.70 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.64 | COMMODITIES | Moves with | → View |
| BTC/USD | ▲ Direct | +0.59 | CRYPTO | Moves with | → View |
| EUR/USD | ▲ Direct | +0.52 | FOREX | Moves with | → View |
| USD/CHF | ▼ Inverse | −0.52 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CPI MoM (Switzerland) was reported at 0.4% in September 2026. This beat the market consensus of 0% by 0.4%. The reading rose from the previous value of -0.1%. Trailing 12-month context per ETL data through September 2026. This is classified as a medium-impact indicator released on a monthly basis.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with CHF/JPY (Bearish CHF). A secondary relationship exists with XAU/USD, positively correlated (Bullish XAU).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Balance of Trade (Sep 17) and SECO Economic Forecasts (Sep 17).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
SHARE
CPI MoM - CH
Loading chart data...
About CPI MoM — Switzerland
DEFINITION
Switzerland's CPI MoM rose 0.40% in August, beating the 0.00% estimate and reversing July's -0.10% decline. August's inflation increase signals renewed upward pressure after a month of deflation. Markets will closely watch upcoming data for signs of sustained inflationary momentum. Updated 9/3/26
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual 0.4 %, consensus 0 %. Prior reading (Jul 2026): -0.1 %. Before that (Jun 2026): 0 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with CHF/JPY (Bearish CHF, r=-0.70) — a useful reference for forex-focused traders.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
Economic Calendar - CH Events
| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:30 | CH | Producer Price Index YoY | -0.7 | -2.1 | -1.3 | -1.00 | Low |
| 06:30 | CH | Producer Price Index MoM | 0.7 | -0.1 | 0.1 | 0.05 | Low |
| Thursday, September 17, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | CH | Balance of Trade | 8.1 | 7.5 | 7.50 | Medium | |