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.