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Inflationary pressure in Switzerland is increasing. The index of import prices and producer prices in April rose by 0.4% compared to March and by 2.7% compared to the same period of the previous year, mainly due to higher prices for oil and equipment. This is evidenced by the data provided by the Bureau of Statistics.
Nevertheless, this pressure has not yet led to an increase in consumer prices, and annual consumer inflation in Switzerland is 0.8%. However, a combination of rising oil prices and a weakening of the Swiss franc can trigger an acceleration in the pace of consumer inflation in the coming months.
At the time of writing, the pair EUR / CHF was trading at 1.1831, with strong changes compared to Monday.