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2026-11-03 16:16:27
[Swiss Inflation Rises to 1.5% in October, a New High Since December 2023] ⑴ Switzerland's annual inflation rate for October 2026 accelerated to 1.5% from 1.0% in September, exceeding market expectations of 1.3% and reaching its highest level since December 2023. ⑵ By component, price increases were mainly driven by transportation (5.3%, compared to 3.6% in September) and housing and energy (2.5%, compared to 2.2% in September). ⑶ Information and communication inflation also rose (2.9%, compared to 1.9% in September), while prices for entertainment, sports, and culture reversed their decline and rose (1.0%, compared to -0.1% in September). ⑷ Meanwhile, deflation in food and non-alcoholic beverages eased (-0.2%, compared to -1.0% in September), and deflation in clothing and footwear also eased (-0.2%, compared to -1.9% in September). (5) In contrast, inflation for alcoholic beverages and tobacco slowed (1.0%, compared to 1.7% in September), while healthcare prices declined further (-0.3%, compared to -0.1% in September). (6) On a month-on-month basis, consumer prices rose 0.2%, a rebound from expectations and the flat performance in September, mainly driven by increases in heating oil, gasoline, diesel, and footwear prices. (7) Over the same period, the annual core inflation rate remained unchanged at 0.5%.
