Switzerland: Inflation comes in at highest level since November 2008 in November
December 1, 2021
Consumer prices increased 0.04% in November over the previous month, moderating from October's 0.30% increase. The moderation was primarily due to a slower increase in prices for housing and energy.
Inflation came in at 1.5% in November, up from October’s 1.2%. November's result was the highest inflation rate since November 2008, but was still low relative to European peers. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 0.4% in November (October: 0.2%).
Author: Oliver Reynolds, Economist