FX.co ★ Swiss Inflation Falls Below 1.0%, Lowest In Over 3 Years

Switzerland's consumer price inflation saw an unexpected decline in September, reaching its lowest point in over three years, according to data released by the Federal Statistical Office on Thursday.

In September, the consumer price index experienced a 0.8 percent increase compared to the same month last year. This marks a slowdown from the 1.1 percent rise observed in August, with economists having anticipated the inflation rate to hold steady at 1.1 percent.

This figure represents the lowest inflation rate since July 2021, when prices climbed by 0.7 percent.

In terms of specific sectors, transport costs witnessed a decrease of 2.3 percent from the previous year, while clothing and footwear prices fell by 1.3 percent. Household goods and services became 3.5 percent less expensive, whereas the costs of food and non-alcoholic beverages edged up by only 0.2 percent.

On a month-to-month analysis, consumer prices dipped 0.3 percent in September, following a stagnant performance in the prior month. The anticipated decline had been set at 0.1 percent.