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Swiss Inflation Rate Jumps to the Highest Level in Two Years
The reading topped all 16 Bloomberg economist forecasts and was the fastest since September 2024, reinforcing expectations before the central bank meets later this month.
(Bloomberg) -- Swiss inflation accelerated far more than analysts anticipated to the fastest pace since September 2024, suggesting a weaker franc is feeding through to the economy.
Inflation in Switzerland jumped in August, reversing several months of deceleration in prices, as the renewal of tensions in the Middle East boosted global energy costs. Exclusive material for subscribers. To have full access, access the material link and register.
Switzerland's consumer prices rose 0.4 percent in August compared with the month before, and rose 0.8 percent compared with the corresponding month last year.