Annual inflation rate in Switzerland increased to 2.9% in May of 2022 from 2.5% in April, pointing to the highest level since September 2008, and above market forecasts of a 2.6 percent rise, mainly boosted by faster rises in prices of both housing and energy (4.3% vs 4.1%) and transport (10.3% vs 10.0%), amid a rebound in prices of food and non-alcoholic beverages (1.1% vs -0.3%).
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