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9/1/2023, 8:30 AM (Source: TeleTrader)
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Inflation at 1.6% in Switzerland in August

Switzerland's national consumer price index (CPI) increased by 1.6% in August compared to the same month the previous year, the country's Federal Statistical Office reported on Friday. The annual inflation rate remained at the same level as it was in July.

The 0.2% monthly rise in prices was primarily attributed to "several factors including rising prices for fuels and heating oil."

"Housing rentals and fees for securities accounts also recorded a price increase. In contrast, the hire of private means of transport decreased as well as prices for air transport and international package holidays," it was said in the report.

Baha Breaking News (BBN) / MS