Macro EconomyMedium•1 October 2026•
1 min read
Swiss Annual Inflation Rises to 1.0% in September Matching Forecasts
Key Facts
1Swiss annual CPI inflation accelerated to 1.0% in September from 0.8% in August, matching market consensus.
2Core inflation, which excludes volatile items, remained unchanged at 0.5% on a year-over-year basis.
Swiss annual CPI inflation accelerated to 1.0% in September from 0.8% in August, matching market consensus. ActionForex reported that core inflation, which excludes volatile items, remained unchanged at 0.5% on a year-over-year basis, indicating that underlying price pressures remain subdued.
The rise in headline inflation was primarily driven by petroleum products, which increased 4.8% month-over-month, while private services prices declined by 0.4%. These figures follow the Swiss National Bank's interest rate decision on September 24, 2026, and show monthly CPI remained flat at 0.0% as higher energy and import costs were offset by falling domestic product prices.