Inflation & Prices
Swiss Inflation Unexpectedly Slows to Weakest Since Mid-2021
- Consumer prices rise 0.6% from a year ago; est. 0.8%
- Central bank faces strong franc, has hinted at more easing
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Swiss inflation slowed unexpectedly, strengthening the case for further interest-rate cuts and fueling worries of an undershoot of the central bank’s target.
Consumer prices rose 0.6% from a year ago in October, Switzerland’s statistics office said on Friday. That’s weaker than any economist in a Bloomberg survey had predicted. The median estimate was for the gauge to be unchanged from September’s 0.8%.