Switzerland Inflation May 2017

Switzerland

Switzerland: Inflation edges up in May

June 8, 2017

Consumer prices climbed 0.2% from the previous month in May, mirroring April’s reading. The figure was the result of higher prices for housing, package holidays abroad and fresh fruit, while heating oil and used cars were cheaper in May compared to April.

Inflation came in at 0.5% in May, a notch above April’s 0.4% and overshooting market experts’ forecasts of 0.3%. The annual average variation in consumer prices was 0.1% in May (April: 0.0%).

The Central Bank projects that prices will increase 0.3% in both 2017 and 2018. Panelists polled by FocusEconomics expect inflation of 0.5% in 2017, which is unchanged from last month’s forecast. For 2018, panelists expect inflation of 0.7%.


Author: Marlène Rump, Senior Data Analyst

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Switzerland Inflation Chart


Switzerland Inflation May 2017 0

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


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