Inflation & Prices
Swiss Inflation Holds Below 2% in Last Take Before SNB Sets Rate
- Headline gauge holds at 1.6%, core reading slows to 1.5%
- This is last reading before SNB’s Sept. 21 rate decision
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Switzerland’s inflation rate stopped slowing in August, offering policymakers a final picture of domestic pressures before their quarterly decision on whether or not to raise borrowing costs.
Consumer prices rose 1.6% in August from a year earlier, matching the previous month, according to Switzerland’s statistics agency. That falls short of the median estimate in a Bloomberg survey, which had predicted a drop.