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Inflation was notably at 1.4 percent, as the Federal Statistical Office (BFS) announced on Monday. This means that Swiss consumer goods were 1.4 percent more expensive in November than in the same month of the previous year. Economists surveyed by AWP had predicted higher values for annual inflation, within a relatively wide range of 1.5 to 2.1 percent.
Inflation was at 1.7 percent in September and October. The rate, which had been above 3 percent for months before that, had fallen significantly, but in June it fell below 2 percent for the first time since January 2022.
According to BFS, it cannot yet be precisely assessed how strong the impact of the rising reference interest rate will be on rents and therefore on the national consumer price index (CPI). There are other factors in addition to the reference interest rate. (SDA/sak)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
