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Updated · Bloomberg · May 6Swiss inflation rises to 16-month high in April
9 articles · Updated · Bloomberg · May 6
- Consumer prices increased 0.6% year on year, up from 0.3% in March, as energy costs climbed amid war in the Middle East.
- The reading matched the median estimate in a Bloomberg survey of economists, and every forecaster had expected inflation to pick up.
- The data point to renewed price pressure in Switzerland after softer inflation in March, with energy markets driving the latest acceleration.
With headline inflation soaring but core prices stable, is the current energy crisis a temporary scare or a lasting economic threat? As conflict drives inflation, can Switzerland's central bank tame prices without its powerful currency crushing the economy? Beyond price spikes, how is the Mideast crisis forcing a permanent overhaul of global supply chains and trade routes?