Inflation falls to 10-month low
The annual rate of inflation in Switzerland fell back to 1.3 per cent in August - its lowest level since last November. The August rate was sharply lower than the previous month when inflation was two per cent.
The federal office for statistics said on Friday the drop was caused by lower transport costs, mainly due to a fall in oil prices, and lower prices for clothing and shoes during the cut-price “sales” period.
The price of oil – a key factor in the inflation rate – is set to rise again but this has not affected the August consumer price index.
In its breakdown of prices, the statistics office noted slightly higher prices for food and rented accommodation
swissinfo with agencies
In compliance with the JTI standards
More: SWI swissinfo.ch certified by the Journalism Trust Initiative
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.