The Swiss inflation rate has fallen – surprising analysts.
The latest figures from the Federal Statistics Office show inflation fell 0.2% in November, making the annual rate 2.4%.
Many expected the rate to move higher – despite a fall in price of fuel and fresh food. Experts believed recent rent increases would have been enough to push the figure up.
But the Statistics Office says it may be too early for the latest figures to reflect rent hikes. It also warns electricity price rises will soon feed into the inflation numbers.
The Swiss National Bank says it expects inflation to remain above its target of 2% for the whole of next year.
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