Swiss Inflation Rate Jumps To Highest Level In Two Years
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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