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Financial News: Swiss Inflation Steady At 1.2%

Swiss Inflation Steady At 1.2%

09/04/2018 - 08:40:00 (RTTNews)

(RTTNews) - Switzerland's consumer prices grew at a steady pace in August, the Federal Statistical Office reported Tuesday.

Consumer prices climbed 1.2 percent year-on-year in August, the same pace of increase as seen in July and in line with expectations.

On a monthly basis, consumer prices remained flat after falling 0.2 percent in July.

The Swiss National Bank forecast 0.9 percent inflation for both this year and next.

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