On 4 July 2022, Switzerland’s Federal Statistical Office (FSO) published June inflation data, which show prices 3.4% higher than one year ago, well above the Swiss National Bank target of 2.0%. Photo by Ahmed Muntasir on Pexels.comSwitzerland’s consumer price index (CPI) increased by 0.5% in June 2022, less than the 0.7% rise in May 2022. At the end of May 2022, annual inflation was 2.9%. Big drivers of rising prices continue to be higher energy prices and shortages of particular foods and raw materials. A rising Swiss Franc has helped to dampen the inflation associated with some imported goods and services.

Source: Le News July 07, 2022 22:30 UTC