Swiss inflation accelerated to 0.8% in August from 0.4% the prior month, the Federal Statistical Office (FSO) reported on Thursday.
The gain, the highest since the start of 2024, ended a multi-month stretch of easing price growth. Renewed geopolitical tensions in the Middle East exacerbated energy market volatility, pushing global oil and fuel prices higher.
Domestic energy costs led the advance, with petrol, diesel and heating oil all rising in price. Housing rents also contributed to the increase, reflecting persistent pressure in the rental market. Imported goods, particularly energy-linked items, saw a sharp uptick after months of moderation.
The latest figures underscore the sensitivity of Swiss inflation to external energy shocks despite the country’s relatively stable domestic price dynamics.
