ZURICH, Nov 3 (Reuters) – Swiss consumer price inflation slowed to 3.0% in October but still overshot the Swiss National Bank’s 0-2% target range for the ninth month in a row, data showed on Thursday.
Economists had on average expected the year-on-year rate to slip to 3.2% from September’s 3.3%, off peaks at mid-year that touched a nearly three-decade high.
Core inflation that strips out volatile items like fuel and food prices was steady versus September and rose 1.8% year on year.
The data come a day after Swiss National Bank Chairman Thomas Jordan told the Swiss government the SNB may need more rate hikes to choke off inflation even though it had hiked rates in June and September and let the Swiss franc appreciate in nominal terms
CONSUMER PRICE INDEX Oct 2022 Sep 2022 Oct 2021 Pct change m/m +0.1 -0.2 +0.3 Pct change y/y +3.0 +3.3 +1.2 Index (DEC 2015 = 100) 104.6 104.6 101.6 Core infl. 1* y/y pct +1.8 +2.0 +0.6 Core infl. 2* y/y pct +2.5 +2.7 +0.9
*Core inflation 1 strips out volatile price components like food, beverages, tobacco, seasonal products, energy and fuel; core inflation 2 also strips out administered prices.
President Donald Trump and his Republican Party wrapped up an unusual convention in Dallas on Thursday hoping to strengthen their midterm election prospects, gambling that a high-profile...
Vice President JD Vance took center stage at the Republican convention in Dallas on Thursday in a speech seen as an early test of his 2028 White House prospects, offering a message of na...
Morning Briefing
Abela, Costa discuss EU budget, migration and Ukraine in Malta
Prime Minister Robert Abela and European Council President António Costa discussed the EU’s long-te...
Morning Briefing
Abela outlines first 100 days of government, unveils startup, AI and social measures
Prime Minister Robert Abela said the government’s first 100 days have deliver...
The European Commission has unveiled an ambitious package of tax reforms aimed at simplifying tax rules across the European Union, reducing compliance burdens for businesses and strength...
The European Union's new Migration and Asylum Pact enters into force on 12 June, ushering in the most significant reform of the bloc's migration framework in years and placing renewed em...
Ryanair Chief Executive Michael O'Leary on Thursday accused the head of Britain's air traffic control operator of lying about the cause of an outage that led to thousands of flight can...
Oil prices rose on Thursday, extending gains that took Brent over $100 a barrel in the previous session, as traders braced for deeper supply disruptions after Iran and the United States ...
Artificial intelligence has already transformed industries such as finance and education, but one of its most important tests may come in medicine: discovering new drugs.
Pharmaceutic...
Malta’s new pay transparency regulations, which came into effect on the 5th of June, aim to strengthen fairness and equality in the workplace, but employers are warning that the rushed i...
Malta Public Transport is encouraging passengers attending Una Notte Con Le Stelle at The Granaries, Floriana, on Saturday 5 September to make use of the regular night bus services opera...
The first edition of HEKATECH.HEALTH 2026, to be held in Malta on November 26, will focus on how health systems can reconcile two increasingly urgent demands: expanding access to new med...
Fears of renewed escalation gripped the Middle East on Wednesday after the United States and Iran exchanged their biggest barrage since July, with Washington striking Iran's southern co...
President Donald Trump announced late Saturday that he had called off planned U.S. strikes on Iran, saying renewed negotiations had raised hopes of easing the conflict and reopening ship...
At least 32 people have been killed and more than 700 injured after two powerful earthquakes — measuring 7.2 and 7.5 — struck central Venezuela seconds apart, causing widespread destruct...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
The departure from Moldova of a plane carrying Ukrainian President Volodymyr Zelenskiy to Norway was delayed when authorities closed the country's airspace over a drone alert, a Moldov...
Ukraine wants peace but will not just give in to Russia at any price, President Volodymyr Zelenskiy said on Monday in a defiant speech marking Independence Day celebrations.
British...
