Switzerland: Annual change in consumer prices steady in May
June 8, 2016
In May, consumer prices increased 0.1% over the previous month, which was below both April’s 0.3% increase and the 0.2% rise the markets had expected. The result, which marked a fourth consecutive increase, came mainly on the back of higher prices for crude oil products, package holidays, food and rent. Conversely, prices for air transportation and furniture fell in May.
In annual terms, consumer prices fell 0.4% in May, which mirrored April’s reading. The annual average variation in consumer prices tallied minus 1.1% in May, which was also in line with April’s result.