Switzerland: Inflation comes in at highest level since December 2023 in April
Inflation came in at 1.4% in April, which was up from March’s 1.0%. April’s figure marked the highest inflation rate since December 2023, but was still well in line with the Central Bank’s target of below 2.0%. The reading was driven by higher price pressures for food, housing and energy, and transportation. Inflation remained mild compared to neighbors—Euro area inflation clocked 2.4% in December—thanks to Switzerland’s ingrained low inflation expectations and mild wage growth.
The trend pointed down mildly, with annual average inflation coming in at 1.5% in April (March: 1.6%).
Lastly, consumer prices increased 0.32% in April over the previous month, following March’s 0.03% increase.