Swiss Consumer Price Index in May 2016: -0.4 percent against 2015, +0.1 percent against last month

08.06.2016 09:15  – FSO, Prices (0353-1606-00)

Swiss Consumer Price Index in May 2016

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For the third time in a row, prices in Switzerland increased against the previous month. Inflation was -0.4% against last year. Still in 2015 yearly inflation was mostly around -1.5% y/y. Now yearly HCPI inflation is -0.5%. Will this rising price tendency continue? It will be surely a problem for the SNB. They might need a stronger franc to keep inflation in check. The Swiss asset price bubble has not found yet its way into higher rents. Switzerland has pretty strict price regulation for rents that are indexed with the central bank rate. Once the SNB hikes rates, then both interest rates and asset price bubble will push inflation upwards.

Consumer prices increase by 0.1%

Neuchâtel, 08.06.2016 (FSO) – The Swiss Consumer Price Index increased by 0.1% in May 2016 compared with the previous month, reaching 100.6 points (December 2015=100). Inflation was -0.4% in comparison with the same month in the previous year. These are the findings of the Federal Statistical Office (FSO).

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