Swiss Consumer prices increased by 0.7 % in May 2022

The Swiss consumer price index (CPI) increased by 0.7 % in May 2022 compared with the previous month, reaching 104.0 points (December 2020 = 100). Inflation was +2.9 % compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO).

The 0.7 % increase compared with the previous month is due to several factors including rising prices for housing rentals. Heating oil also recorded a price increase, as did many food products. In contrast, prices for supplementary accommodation and for detergents and cleaning products decreased.