Energy prices have fallen, and Switzerland's inflation rate has slightly decreased

Golden Ten Data reported on July 2 that Switzerland's inflation rate edged down in June, marking the first decrease since the surge in prices caused by the spike in energy costs after the outbreak of the Iran war. The Swiss Federal Statistical Office stated on Thursday that the annual inflation rate for June was 0.5%, down from 0.6% in both April and May. The inflation rates in the previous two months had reached the highest levels since 2024. Data show that prices of petroleum products rose by 15% year-on-year in June but eased compared to May; prices of air transport also decreased, a category particularly sensitive to global energy prices; meanwhile, hotel and car rental prices increased. The slight decline in inflation also supports the view of Swiss National Bank President Jordan. At last month’s monetary policy meeting, he stated that despite the energy price shock triggered by the Middle East conflict, medium-term inflationary pressures have generally remained stable.