ZURICH (Reuters) – Swiss costs elevated by their highest stage in 14 years throughout Could, the federal government mentioned on Thursday, as Switzerland grew to become the newest nation to be hit by costlier gas and meals prices.

The buyer worth index rose by 2.9% in contrast with a yr earlier as transport, meals and drinks grew to become way more costly in a rustic famous for its traditionally low inflation.

The studying was the best improve in Swiss costs since September 2008, and was the fourth month in succession that costs have risen above the central financial institution’s goal for worth stability.