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.