Updated
Updated · Bloomberg · Jul 2Swiss Inflation Slows to 0.5% in June as Lower Oil Costs Feed Through
3 articles · Updated · Bloomberg · Jul 2Summary
- Swiss consumer prices rose 0.5% from a year earlier in June, down from 0.6% in May and marking the first slowdown in eight months.
- Lower oil prices helped cool domestic inflation, with the June reading matching the median economist forecast and leaving monthly CPI flat.
- Price pressures also moderated in housing, energy and transport, while food and non-alcoholic beverage prices fell 1.2%.
- The softer data keeps Swiss inflation subdued and reinforces expectations that the Swiss National Bank could have room for further rate cuts.
Insights
Why have Swiss petroleum prices surged 15% while overall inflation remains low, signaling hidden pressures on future household costs? Can the Swiss National Bank protect its export economy from a strong franc while also keeping domestic inflation under control?