Consumer prices in Switzerland rose 1.0% year-on-year in September 2026, the fastest increase since September 2024, from 0.8% in the previous month and in line with market expectations. Prices accelerated mainly for transport (3.6% vs 2.7% in August), information and communication (1.9% vs 0.9%), housing and energy (2.2% vs 2.0%), and restaurants and hotels (0.8% vs 0.5%), while prices rebounded for other goods and services (0.3% vs -0.4%). Additionally, deflation eased in food and non-alcoholic beverages (-1.0% vs -1.1%) and clothing and footwear (-1.9% vs -2.3%). In contrast, price growth slowed in alcoholic beverages and tobacco (1.7% vs 1.9%), while prices declined in household goods and services (-0.3% vs 0.1%) and recreation, sport and culture (-0.1% vs 0.6%). On a monthly basis, consumer prices were unchanged, following a 0.4% gain in August. Meanwhile, annual core inflation, which excludes volatile items such as unprocessed food and energy, edged up to 0.5% from 0.4%.