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03.06.2019 14:49

Swiss consumer prices increased by 0.3% in May

According to the report from Federal Statistical Office (FSO), the consumer price index (CPI) increased by 0.3% in May 2019 compared with the previous month, reaching 102.7 points (December 2015 = 100). Inflation was 0.6% compared with the same month of the previous year.

The 0.3% increase compared with the previous month can be explained by several factors including rising prices for fuel and for international package holidays. In contrast, prices for hotel accommodation and books decreased.

In May 2019, the Swiss harmonised index of consumer prices (HICP) stood at 101.63 points (Base 2015 = 100). This corresponds to a rate of change of -0.2% compared with the previous month and +0.5% compared with the same month of the previous year. The HICP is an additional inflation indicator, the EU member countries according to a common method. On the basis of this index, inflation in Switzerland can be compared with that in the European countries.


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