Swiss Inflation Rises 1.5% in October, Highest Since December 2023
Swiss annual inflation reached its highest level in nearly three years, government data showed, as petrol prices rose amid the Iran war. The increase raises the prospect of a Swiss National Bank rate hike.
Swiss annual inflation jumped to its highest level in nearly three years in October, government data showed on Tuesday, increasing the prospect of an interest rate hike by the Swiss National Bank.* The 1.5% increase in prices was the highest annual rise since December 2023, as the Iran war tightens…