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Switzerland: Inflation ebbs in October from the prior month
Latest reading: Consumer prices rose 0.1% in annual terms in October, following a 0.2% increase in the prior month.
Relative to the previous month’s data, price pressures reduced for transportation in October (-1.7% in annual terms vs -1.5% in September). In contrast, there were higher price pressures for housing and energy (+0.8% vs +0.7% in September) and food and non-alcoholic beverages (-0.5% vs -0.8% in September). Finally, the variation in restaurants and hotels prices was the same as in the prior month (+1.3% in October and September).
Meanwhile, core consumer prices rose 0.5% in annual terms in October, following a 0.7% rise in the previous month.
Lastly, consumer prices fell 0.25% in October on a month-on-month basis, following a 0.22% decline in the prior month.
