Swiss Inflation Jumps to Fastest in a Year on War Impact

Switzerland’s inflation rate jumped in March to the quickest pace in a year as the energy supply crunch caused by the war in the Middle East stoked the cost of heating oil.

Consumer prices rose 0.3% from a year earlier, up from 0.1% in each of the previous three months. That was less than the 0.5% median estimate in a Bloomberg survey of economists. Most forecasters had expected a higher outcome.