Switzerland's consumer prices declined 0.5 percent year-on-year in May, after easing 0.6 percent each in April and March, the Federal Statistical Office reported Thursday.
Economists were forecasting the consumer price index to fall by 0.6 percent again in May.
On a monthly basis, consumer prices edged up 0.1 percent, in line with forecast, following a flat reading last month.
Footwear and clothing logged the biggest annual fall of 4.5 percent in May. Meanwhile, cost of food and non-alcoholic beverages gained 0.8 percent, it said.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.