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Swiss inflation rate jumps to highest level in two years

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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. Consumer prices rose 0.8% in August from a year earlier, up from 0.4% in July, the Federal Statistical Office said on Thursday. The result was higher than every single forecast of 16 economists in a Bloomberg survey. The reading is the last that Swiss National Bank (SNB) officials will see before their interest-rate decision later this month. While the result notably exceeded expectations, it remains consistent with the average for the current quarter predicted by the central bank. The pick-up in inflation will be welcomed by policymakers in a country where consumer price growth has often been feeble and even turned briefly negative last year. The outcome still underscores how benign the Middle East energy shock has been for Switzerland at a time when its neighbors are seeing costs surge. In the euro area that ... Full story here Are you the author?
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SWI swissinfo.ch – the international service of the Swiss Broadcasting Corporation (SBC). Since 1999, swissinfo.ch has fulfilled the federal government’s mandate to distribute information about Switzerland internationally, supplementing the online offerings of the radio and television stations of the SBC. Today, the international service is directed above all at an international audience interested in Switzerland, as well as at Swiss citizens living abroad.
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