Swiss CPI Slips in September: Inflation Slows to Near Standstill

Switzerland’s consumer price index (CPI) surprised markets in September 2025, posting a 0.2% decline month-on-month, bringing the index down to 107.5 points (December 2020 = 100). The reading shows a rare monthly retreat in consumer prices, suggesting that inflationary pressures are fading more quickly than expected.