Swiss CPI rose 0.8% YoY in August versus 0.4% in July, exceeding all 16 economists in a Bloomberg survey, the Federal Statistical Office said on Thursday. This is the highest reading since September 2024 and suggests franc weakness is beginning to feed through to the real economy. It is the last inflation print before the SNB’s rate decision later this month; although the print overshot expectations, it remains broadly consistent with the SNB’s projected quarterly average inflation — a rebound p

Swiss CPI rose 0.8% YoY in August versus 0.4% in July, exceeding all 16 economists in a Bloomberg survey, the Federal Statistical Office said on Thursday. This is the highest reading since September 2024 and suggests franc weakness is beginning to feed through to the real economy. It is the last inflation print before the SNB’s rate decision later this month; although the print overshot expectations, it remains broadly consistent with the SNB’s projected quarterly average inflation — a rebound policymakers will welcome. The report also indicates the Middle East energy shock has had a relatively muted impact on Swiss prices compared with larger neighbor effects.