Swiss Inflation Hits Four-Month Low Amid European Price Pressures

Switzerland's inflation rate slowed to its lowest level in four months in July, as consumer prices rose by just 0.4% from a year earlier.

This is down from 0.5% in June and matches the median economist estimate in a recent Bloomberg survey.

The slowdown in inflation is particularly notable given the current economic environment across Europe, where energy prices have been driving up costs for consumers.