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Switzerland's Inflation Drops to 0.1%, Rates Hold Steady

11/5/2025

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Summary

Story summary

The Federal Statistical Office (FSO) reports Switzerland's inflation fell to 0.1% in October, down from 0.2% in September and below 0.3% expected.
Prices dropped 0.3% month over month, driven by lower international travel, hotels, and private transport costs.
Analysts expect the Swiss National Bank (SNB) to keep interest rates at 0% while inflation remains within its 0–2% target, despite the decline.

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Story summary

The Federal Statistical Office (FSO) reports Switzerland's inflation fell to 0.1% in October, down from 0.2% in September and below 0.3% expected.
Prices dropped 0.3% month over month, driven by lower international travel, hotels, and private transport costs.
Analysts expect the Swiss National Bank (SNB) to keep interest rates at 0% while inflation remains within its 0–2% target, despite the decline.