Financial News: Swiss Inflation Rises Slightly To 0.7%

Swiss Inflation Rises Slightly To 0.7%

12/03/2024 - 04:09:00 (RTTNews)

(RTTNews) - Switzerland's consumer price inflation rose marginally in November from a more than three-year low in October, the Federal Statistical Office reported Tuesday.

The consumer price index rose 0.7 percent on a yearly basis in November, following a 0.6 percent rise in the previous month, which was the lowest inflation since June 2021. The expected inflation rate was 0.8 percent.

The annual decline in transport costs eased to 1.7 percent from 2.7 percent, which had an upward effect on inflation. Meanwhile, costs for recreation and culture were 1.2 percent more expensive, and charges at hotels and restaurants rose by 2.3 percent.

On a monthly basis, consumer prices dropped at a stable rate of 0.1 percent in November, as expected. This was the third successive fall in a row.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Swedish Service Sector Recovery Slows In November (02 min(s), 46 sec(s) ago)
(RTTNews) - Sweden's services activity remained in the expansion territory for the second stra ...Full Story»

Russia Services Activity Expands Most In 10 Months (29 min(s), 46 sec(s) ago)
(RTTNews) - The Russian service sector's growth quickened in November amid a faster rise in ne ...Full Story»

Bank Of Korea Vows To Take Measures To Stabilize Markets (01 hr(s), 0 min(s),46 sec(s) ago)
(RTTNews) - The Bank of Korea decided to closely monitor the financial and foreign exchange market ...Full Story»

India Services Growth Remains Strong In November (01 hr(s), 19 min(s), 46 sec(s) ago)
(RTTNews) - India's services activity continued to expand strongly in November amid record job ...Full Story»

European Economic News Preview: Eurozone Final Composite PMI Due (03 hr(s), 13 min(s), 46 sec(s) ago)
(RTTNews) - Final composite and services Purchasing Managers' survey results from the euro are ...Full Story»

China Services Sector Slows In November - Caixin (17 min(s), 14 sec(s) ago)
(RTTNews) - The services sector in China continued to expand in November, albeit at a slower pace, ...Full Story»

Singapore Private Sector PMI Eases To 53.9 In November - S&P Global (14 min(s), 14 sec(s) ago)
(RTTNews) - The private sector in Singapore continued to expand in November, albeit at a slower pa ...Full Story»

Hong Kong Private Sector Ebbs In November (12 min(s), 14 sec(s) ago)
(RTTNews) - The private sector in Hong Kong continued to expand in November, albeit at a slower pa ...Full Story»