Switzerland's inflation rate remains at 1.4% in May, affecting SNB's interest rate decision.

Switzerland's inflation rate remained at 1.4% in May, matching April's reading, putting pressure on the Swiss National Bank's decision to cut interest rates later this month. Rising rent, package holidays, fresh vegetables, and petrol contributed to inflation, while heating oil and foreign red wine prices decreased. The SNB anticipates overall consumer prices to increase 1.4% this year and 1.2% in 2025.

June 04, 2024
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