Economic Buzz: Swiss CPI Rise 0.5% In June

4 Jul 2022 , 12:52 PM

Swiss CPI rose 0.5% M-o-M in June, above expectation of 0.3% M-o-M. The monthly rise was due to several factors including rising prices for fuel, heating oil, and fruiting vegetables. Over the 12-month period, CPI accelerated from 2.9% Y-o-Y to 3.4% Y-o-Y, above expectation of 3.2% Y-o-Y. Thats also the highest level since July 2008. Core inflation rose 0.2% M-o-M, 1.9% Y-o-Y. Domestic products inflation rose 0.3% M-o-M, 1.7% Y-o-Y. Imported production inflation rose 1.2% M-o-M, 8.5% Y-o-Y.Powered by Commodity Insights