Swiss Inflation Unexpectedly Slows to Zero in SNB Setback

Swiss inflation unexpectedly stalled in November and an underlying measure slowed to a four-year low, a setback for central bank officials just days before their final interest-rate decision of 2025.

Consumer-price growth was zero compared with a year ago, Switzerland’s statistics office said on Wednesday, citing a variety of factors. That’s the worst number in six months and down from 0.1% in October. Most economists in a Bloomberg survey anticipated a reading either matching that pace or accelerating.