Switzerland Inflation Rate Rises To 0.5% In May

Consumer prices in Switzerland increased 0.5 percent year-on-year in May of 2017, following a 0.4 percent rise in April. Figures came above market expectations of 0.3 percent, boosted by higher food cost.

Year-on-year, consumer prices went up faster for food and non-alcoholic beverages (0.7 percent from 0 percent in April). In contrast, inflation slowed for housing and utilities (1.1 percent from 1.3 percent), transport (1.3 percent from 1.7 percent), recreation and culture (0.8 percent from 1.1 percent) and prices continued to fall for health (-0.7 percent, the same as in April).

On a monthly basis, consumer prices increased 0.2 percent, the same as in April and slightly above forecasts of 0.1 percent. Upward pressure came from cost of rents, package tours and fruit. In contrast, prices fell for oil and used cars. 

Swiss Federal Statistical Office | Joana Taborda | joana.taborda@tradingeconomics.com
6/8/2017 8:13:04 AM