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%).