Switzerland's consumer prices decreased for the first time in more than four years in May, the Federal Statistical Office reported Tuesday.
The consumer price index dropped 0.1 percent annually in May, as expected, after remaining flat in the previous month. Further, this was the first decline since April 2021.
Prices for food and non-alcoholic beverages decreased 0.3 percent annually in May, and transport charges were 3.7 percent cheaper compared to last year. Meanwhile, housing energy costs rose 1.1 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.