Switzerland Inflation May 2018


Switzerland: Inflation rises to over seven-year high in May

June 6, 2018

Consumer prices rose 0.4% on a month-on-month basis in May, coming in above April’s 0.2% increase. May’s print reflected higher prices for petroleum products and fresh fruit, which more than offset lower prices for medicines.

Inflation edged up from 0.8% in April to 1.0% in May, the highest print since March 2011. Meanwhile, annual average inflation inched up from 0.6% in April to 0.7% 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 May 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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