Inflation & Prices
Swiss Inflation Matching 2024 High Erodes Case for SNB Rate Cut
- Consumer prices rise 1.4% from last year in May, as expected
- Franc snapped losing streak after hawkish comments of Jordan
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Swiss inflation held at its fastest pace this year, eroding the case for a Swiss National Bank interest-rate cut when officials meet later this month.
Consumer prices rose 1.4% in May from a year earlier, Switzerland’s statistics office said on Tuesday. That advance — which is in line with economists’ estimates — matches April’s reading.