Tuesday, 02 January 2024 12:17 GMT

Swiss Inflation Rate Jumps To Highest Level In Two Years


(MENAFN- Swissinfo) 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. Select your language
Generated with artificial intelligence. Listening: Swiss inflation rate jumps to highest level in two years This content was published on September 3, 2026 - 10:11 4 minutes Bloomberg

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.

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