Switzerland: Inflation hits over two-year high in August
Consumer prices increased 0.25% in August over the previous month, contrasting July’s 0.09% drop. The reading was primarily due to rising prices for housing and energy.
Inflation ticked up to 0.9% in August from July’s 0.7%. August’s result represented the highest inflation rate since November 2018. The annual average variation of consumer prices rose to minus 0.1% in August (July: -0.2%). That said, the general picture of low price pressures remained broadly unchanged, which will ensure the Swiss National Bank maintains its expansionary monetary stance.