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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SwitzerlandSwitzerland CPI MoM fell to 0.0% in June 2026
FMPMonthlyReleased July 2026
Switzerland CPI MoM fell to 0.0% in June 2026, released July 2026, down 0.2% from May's 0.2% reading. The print came in cooler than the 0.1% consensus, a softer print than forecasters anticipated. CPI MoM has now declined for 3 consecutive months.
Latest Release
0
Actual
0.1
Consensus
0.2
Previous
Median Absolute Error
±0.05 percentage points
across last 3 releases
Last Call
Jul 2026
Predicted: 0.05
Actual: 0
Error: +0.05
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 |
|---|---|---|---|---|---|
| USD/CHF | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| EUR/CHF | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| CHF/JPY | ▲ Direct | +0.40 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Moves with | → View |
| GBP/CHF | ▼ Inverse | −0.35 | 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% in July 2026. This missed the market consensus of 0.1% by 0.1%. The reading fell from the previous value of 0.2%. Trailing 12-month context per ETL data through July 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 USD/CHF (Bullish CHF). A secondary relationship exists with EUR/CHF, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
The next release is scheduled for August 3, 2026. Same-country events in the next 14 days include KOF Leading Indicators (Jul 30) and Retail Sales YoY (Jul 31).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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CPI MoM - CH
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About CPI MoM — Switzerland
DEFINITION
Switzerland's CPI MoM for June came in at 0.000000%, missing the 0.100000% estimate and down from May's 0.200000%. This marks a halt in inflation growth after two months of positive increases, indicating price stability in June. Market focus will remain on upcoming data for further inflation trends amid steady monetary policy. Updated 7/4/26
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 (Jun 2026): actual 0 %, consensus 0.1 %. Prior reading (Jun 2026): 0 %. Before that (Jun 2026): 0 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print. Current dynamics are the primary tailwind in the projection. This indicator correlates most strongly with USD/CHF (Bullish CHF, r=-0.50) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - CH Events
| Wednesday, July 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:00 | CH | Economic Sentiment Index | -25 | -23 | -18.15 | Low | |
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 07:00 | CH | KOF Leading Indicators | 101.2 | 101.3 | 101.30 | Medium | |