Inflation & Prices
Swiss Inflation Slows as SNB Prepares September Rate Cut
- Consumer prices rose 1.1% in August from a year earlier
- Central bank has already reduced borrowing costs twice
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Swiss inflation slowed more than expected in August, supporting the case for another interest-rate cut.
Consumer prices rose 1.1% from a year ago, the statistics office said Tuesday. That’s weaker than the 1.2% median estimate in a Bloomberg survey and compares with 1.3% in July.