Inflation falls slightly

Friday, 3 July 2026 06:30

Inflation stood at half a percent in the year to June, down from 0.6% in May, according to the Federal Statistics Office.

Cheaper food and drinks offset a 15.4% jump in petroleum products linked to the war in the Middle East.

Rents remained the biggest driver of household costs, up 1.4%.

The strong Swiss franc is cushioning imported inflation — Switzerland's rate sits well below the eurozone's 2.8% and the US at 4.2%.

Economists say the Swiss National Bank is now unlikely to move interest rates in the coming months.

More from Bitesize News

Valais scam alert

Valais police say a fresh wave of phone scams has cost residents nearly CHF 150,000 in the past week alone
Geneva job losses concern

Job cuts at the UN's Geneva-based health and food agencies will weaken food safety worldwide according to report
Parental law change soon

Geneva's 24-week parental leave is finally on track after the National Council cleared the last federal obstacle on yesterday
House price risk

Zurich now carries the highest housing-bubble risk of any city in the world, according to UBS's Global Real Estate Bubble Index
New hearings for Crans Montana fire case

Prosecutors in the Crans-Montana fire case have scheduled four fresh hearings before the end of the year — and could add more
ICRC neutrality important

The head of the International Committee of the Red Cross says Switzerland and the Geneva-based humanitarian body should keep their neutralities distinct