Home BUSINESS & FINANCE Swiss Inflation Rose to 1.5% in October Due to Higher Energy Prices

Swiss Inflation Rose to 1.5% in October Due to Higher Energy Prices

Swiss Inflation Rose to 1.5% in October Due to Higher Energy Prices
Swiss National Bank is expected by investors to keep its key rate on hold until well into next year. Fabrice Coffrini/Agence France-Presse/Getty Images
Editorial Disclosure: This article is curated from reporting by the original publisher credited below. It was selected and published automatically under the Pune.Media Editorial Policy and is not original Pune.Media reporting.

Original Coverage & Source Attribution: www.wsj.com

Swiss inflation rose again last month to reach its highest level in almost three years, driven by the continued increase in imported energy prices amid enduring uncertainty over the outcome of the war in the Middle East.

Annual inflation was 1.5% in October, compared with 1.0% in the prior month, notching its strongest point since December 2023, Switzerland’s statistics office said Tuesday.

Exit mobile version