Economic Buzz: Switzerland CPI Remains Stable At 3% In November

1 Dec 2022 , 02:24 PM

Swiss CPI was unchanged at 3.0% Y-o-Y in November, above expectation of 2.6% Y-o-Y. Core CPI (excluding fresh and seasonal products, energy and fuel) rose from 1.8% Y-o-Y to 1.9% Y-o-Y. Domestic product inflation rose from 1.7% Y-o-Y to 1.7% Y-o-Y. But Imported product inflation slowed from 6.9% Y-o-Y to 6.3% Y-o-Y. The stability of the index compared with the previous month is the result of opposing trends that offset each other overall. Prices for housing rentals, gas and fuels increased, as did those for foreign and Swiss red wine. In contrast, prices for heating oil, fruiting vegetables and hotel accommodation decreased.Powered by Commodity Insights