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

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

This increase matches the median estimate of economists surveyed by Bloomberg and is higher than August's figure of 0.8%. A stronger oil price contributes significantly to this inflation rate, but prices still appear relatively low compared to other European countries.