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  • Consumer prices increased by 0.7% in May

    From bfs.admin.ch

    The consumer price index (CPI) increased by 0.7% in May 2022 compared with the previous month, reaching 104.0 points (December 2020 = 100). Inflation was +2.9% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO). The 0.7% increase compared with the previous month is due to several factors including rising prices for housing rentals. Heating oil also recorded a price increase, as did many food products. In contrast, prices for supplementary accommodation and for detergents and cleaning products decreased.

  •  Guest
  • | IP XXX.XXX.133.84
Good for CHF. Aiming 0.88 now.
  •  Guest
  • | IP XX.X.56.210
Why is good? Shouldn’t it be bad ?
Quoting Guest
Why is good? Shouldn’t it be bad ?
May be bad for the economy, but for FX traders, such could be a trading opportunity, if it could make SNB come out of negative rates, which could in turn create hundred of pips to the downside

So Good or Bad is relative and depends on which side of the coin your find yourself
If the price is up, for economy is bad. Maybe is better for the traders begin sell. Thats it???
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  •  Guest
  • | IP X.XXX.47.240
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  • Story Stats
  • Posted: Jun 2, 2022 2:31am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 4  /  Views: 3,011
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