Swiss Inflation Rate Accelerates in May


Swiss annual consumer inflation increased to 0.20 percent in May of 2014, compared with 0.0 percent in the previous month. It is the highest rate since October of 2011, driven by higher cost of food, housing, energy and fuel.

Upward inflationary pressures came from cost of food and non-alcoholic beverages (+1.1 percent), alcoholic beverages and tobacco (+1.6 percent), housing, water, electricity, gas and other fuels (+1.4 percent), recreation and culture (+0.1 percent), education (+2.0 percent), restaurants and cafes (+1.0 percent).

On a month-on-month basis, the inflation accelerated to 0.3 percent in May of 2014, compared with 0.1 percent in the previous month, mainly due to higher prices of food, summer clothing and shoes, package travel and gasoline. In particular, food prices increased for: fruits, beef, other fruits, root vegetables, pork, cheese and hard cheese, semi-hard, natural mineral water, coffee, rice, pasta and vegetables cabbage. In contrast, prices of books and pamphlets dropped.

Swiss Inflation Rate Accelerates in May


Isabel Felino | isabel.felino@tradingeconomics.com
6/6/2014 10:50:08 AM