Switzerland Inflation May 2019

Switzerland

Switzerland: Inflation eases in May

June 3, 2019

Consumer prices rose 0.3% over the prior month in May, up from the 0.2% rise logged in April. The increase was driven mainly by higher prices for fuel and travel packages abroad. On the other hand, prices for hotels and accommodation dipped over the previous month.

Inflation ticked down to 0.6% in May from 0.7% in April, while annual average inflation was steady at 0.9% for the sixth consecutive month.

Against this backdrop, panelists polled by FocusEconomics expect inflation to remain relatively muted over the medium-term and see inflation averaging 0.6% in 2019, which is unchanged from last month’s forecast, and averaging 0.8% in 2020.


Author:, Economist

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Switzerland Inflation Chart


Switzerland Inflation May 2019

Note: Month-on-month changes and annual variation of consumer price index (CPI) in %.
Source: Swiss Federal Statistics Office (BFS).


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