As expected, Swiss inflation slowed in May
In line with analysts’ expectations, Swiss consumer prices rose by 2.2 percent year-on-year in May, according to Monday’s data from the Swiss Statistical Office.
A month earlier, in April, annual inflation in Switzerland was 2.6 percent. The slowdown in annual inflation mainly reflected the moderate increase in the prices of energy, clothing, and alcoholic beverages and tobacco products.
In line with analysts’ expectations, consumer prices increased by 0.3 percent on a monthly basis in May after the stagnation in April.
Core inflation excluding fuel and food prices was 0.2 percent on a monthly basis, and 2.2 percent on an annual basis in the fifth month of the year.
Related news
The government supports the tourism sector with a new tool
Tourism is a sector of strategic importance for the Hungarian…
Read more >The GKI business climate index decreased in May
According to a survey conducted by GKI Economic Research Co.…
Read more >Márton Nagy: in the long term, we must return to investment-based economic growth
In the long term, we must return to investment-based economic…
Read more >Related news
Viktor Orbán: we will introduce margin reduction for new products as well, if necessary
The margin regulation must be maintained because people must be…
Read more >Healthy meat products rich in fiber and protein have been developed in Debrecen
A new product line consisting of health-promoting, fiber- and protein-rich…
Read more >German retail sales fell month-on-month in April
In Germany, retail sales fell by 1.1 percent in real…
Read more >