Gasoline and diesel cheaper: Swiss inflation drops below 2 percent in June

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In particular, annual inflation fell to 1.7 percent in June 2023, from 2.2 percent in May, as the Federal Statistics Office (BFS) announced on Monday. It rose to 3.4 percent in the first two months due to rising electricity and flight prices, and has been falling rapidly since then.

The drop was as expected. Economists surveyed by the AWP had estimated a value between 1.6 and 1.9 percent.

However, in June, domestic goods were 2.3 percent more expensive than the previous year, while imported goods cost 0.1 percent less. Core inflation, which does not include variable commodities such as food, energy and fuel, fell from 1.9 percent to 1.8 percent.

Fruits and vegetables are more expensive

The national consumer price index (CPI) increased by 0.1 percent compared to the previous month to 106.3 points. Analysts surveyed by the AWP had predicted a value between 0.0 and +0.3 percent.

According to BFS, the slight increase was due to several factors, including rising prices of fruits and vegetables.

Fuel prices are cheaper

The hotel industry and private transport rental prices also rose. According to the information obtained, in addition to gasoline and diesel, air transportation and stone fruit prices also decreased. (SDA)

Source :Blick