Swiss Inflation Eases To 2.2%, Lowest In 15 Months

Switzerland's consumer price inflation eased as expected in May to the lowest level in more than a year amid a slowdown in prices for a broad number of categories,the Federal Statistical Office reported Monday.

The consumer price index, or CPI, climbed 2.2 percent year-over-year in May, slower than the 2.6 percent gain in April.

Further, this was the weakest rate of increase since February last year, when prices had risen the same 2.2 percent. Nonetheless, inflation is still above the central bank's target range of 0-2 percent.