Switzerland Inflation June 2018

Switzerland

Switzerland: Inflation rises to an over eight-year high in June

July 5, 2018

Consumer prices came in flat on a month-on-month basis in June, coming in below May’s 0.4% increase. June’s print reflected higher prices for international package holidays, and fruits and vegetables offsetting lower prices for clothing and airfares.

Inflation increased from 1.0% in May to 1.1% in June, the highest print since May 2010. Meanwhile, annual average inflation remained steady in June at the 0.7% print observed in May.

Panelists polled by FocusEconomics expect inflation to average 0.7% in 2018, which is unchanged from last month’s forecast. For 2019, panelists expect inflation to average 0.9%.


Author: Jean-Philippe Pourcelot, Economist

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Switzerland Inflation Chart


Switzerland Inflation June 2018

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


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