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September 01, 2023
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Switzerland CPI inflation 1.55% y-o-y (consensus 1.5) in Aug-23

- Switzerland's CPI inflation in August 2023 slightly exceeded expectations, standing at 1.55% year-on-year, but marks the lowest level since December 2021.
- Compared to both the one-year and long-run averages, the current inflation rate falls significantly behind by 1.07 and 0.23 percentage points, respectively.

August 31, 2023
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Switzerland Retail Sales ex-Autos -2.16% y-o-y in Jul-23


- Switzerland's retail sales ex-autos experienced a significant decline of -2.16% year-on-year in Jul-23, marking the lowest growth since Apr-23.
- The negative growth rate is 0.65 percentage points below both the one-year and long-run average, indicating a sustained and concerning slowdown in consumer spending.

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