Swiss CPI beats forecasts, August inflation accelerates to 0.8% y/y

Swiss consumer prices rose 0.4% m/m in August, lifting annual inflation to 0.8% y/y, above consensus. The uptick, while still low, reduces pressure on the SNB to ease further and may temper expectations of additional rate cuts. The data signals a modest inflation firming in Switzerland, with implications for CHF and Swiss monetary policy.