Switzerland CPI YoY in 2015
Switzerland CPI YoY opened 2015 at -0.49% and closed at -1.31%, a -169.60% move for the year. The high of -0.49% was reached on January 1, and the low of -1.44% on September 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | -0.49% | -0.49% | -0.49% | -0.49% | +0.00% |
| Feb | -0.84% | -0.84% | -0.84% | -0.84% | +0.00% |
| Mar | -0.87% | -0.87% | -0.87% | -0.87% | +0.00% |
| Apr | -1.12% | -1.12% | -1.12% | -1.12% | +0.00% |
| May | -1.18% | -1.18% | -1.18% | -1.18% | +0.00% |
| Jun | -1.04% | -1.04% | -1.04% | -1.04% | +0.00% |
| Jul | -1.28% | -1.28% | -1.28% | -1.28% | +0.00% |
| Aug | -1.40% | -1.40% | -1.40% | -1.40% | +0.00% |
| Sep | -1.44% | -1.44% | -1.44% | -1.44% | +0.00% |
| Oct | -1.36% | -1.36% | -1.36% | -1.36% | +0.00% |
| Nov | -1.39% | -1.39% | -1.39% | -1.39% | +0.00% |
| Dec | -1.31% | -1.31% | -1.31% | -1.31% | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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