Switzerland: Inflation comes in at highest level since August 2018 in October
November 2, 2021
Consumer prices rose 0.30% in October over the previous month, accelerating from September's 0.02% rise. October's result was the highest reading since March. The increase was primarily due to rising prices for housing and energy. In addition, price pressures for transportation grew at a faster rate.
Inflation came in at 1.2% in October, up from September’s 0.9%. October's figure marked the highest inflation rate since August 2018, but was still muted by the standards of neighboring economies. Annual average inflation rose to 0.2% in October (September: 0.1%).
Author: Oliver Reynolds, Economist