Consumer price inflation in Switzerland decelerated to 0.4% year-on-year in July, down from 0.5% in June and 0.6% in May.
The annual rate has now fallen for two consecutive months, reflecting a broader trend of price stability in the Swiss economy.
1%, marking a rare dip in the typically sticky price environment.
On a monthly basis, consumer prices declined by 0.1%, marking a rare dip in the typically sticky price environment.
The moderation in inflation was primarily driven by lower energy costs, with prices for diesel and gasoline retreating significantly.
This decline in fuel prices offset modest increases in other categories, allowing the overall headline figure to ease.
The data reinforces the narrative that Switzerland remains an outlier among developed economies, maintaining a near-zero inflation trajectory while many peers grapple with higher price pressures.