Inflation in Switzerland in May accelerated to 1% - Ester Holdings

Inflation in Switzerland in May accelerated to 1%

Investing.com – The growth rate of consumer prices in Switzerland in May 2018 increased to 1% in annual terms after an increase of 0.8% in April, according to official data. This level of growth has become the highest since March 2011. Analysts on average expected acceleration to 0.9%.

In comparison with the previous month, prices in Switzerland increased by 0.4% in June, twice as fast as in May.

At the same time, core CPI growth rates remain substantially weaker (0.4% in annual terms), as the main contribution to growth was made by fresh and seasonal food and fuel.

Goods imported to Switzerland, on average, increased by 2.7% compared to May 2017, while Swiss products increased by 0.4%.

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