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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SwitzerlandSwitzerland CPI YoY climbed to 0.8% in August 2026
FMPMonthlyReleased September 2026
Switzerland CPI YoY climbed to 0.8% in August 2026, released September 2026, up 0.4% from July's 0.4% reading. The print came in hotter than the 0.5% consensus, a hotter print than forecasters anticipated. The print is running well above the 12-month average of 0.48%. Over the past 3 months, CPI YoY averaged 0.45%, vs 0.5% in the prior 3-month window.
Latest Release
0.8
Actual
0.5
Consensus
0.4
Previous
Median Absolute Error
±0.15 percentage points
across last 4 releases
Last Call
Sep 2026
Predicted: 0.5
Actual: 0.8
Error: -0.3
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 YoY (Switzerland) was reported at 0.8% in September 2026. This beat the market consensus of 0.5% by 0.3%. The reading rose from the previous value of 0.4%. Trailing 12-month context per ETL data through September 2026.
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
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.
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CPI YoY - CH
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About CPI YoY — Switzerland
DEFINITION
Switzerland's CPI YoY rose to 0.80% in August, beating the 0.50% estimate and up from July's 0.40%. This acceleration marks a clear upward trend in inflation after months of subdued growth. Market focus will remain on the Swiss National Bank's response amid rising price pressures. 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. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual 0.8 %, consensus 0.5 %. Prior reading (Jul 2026): 0.4 %. Before that (Jun 2026): 0.5 %.
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 USD/CHF (Bullish CHF, r=-0.50) — a useful reference for forex-focused traders.
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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 | 0.40 | Low |
| Thursday, September 17, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | CH | Balance of Trade | 8.1 | 7.5 | 8.55 | Medium | |