Swiss Inflation Hits Two-Year High on Oil Prices and Franc Weakness

Switzerland's inflation rate reached its highest level in two years due to increased oil prices and a weaker franc. The consumer price index rose 1% from a year earlier in September, according to data released by the statistics office on Thursday.

This figure matches the median estimate of economists polled by Bloomberg and is higher than August's 0.8% rate.

The stronger oil prices and a weaker franc have contributed to price pressures in Switzerland, although they remain relatively weak compared to other European countries.