Inflation Turns Negative in Switzerland, Eases Globally

In May 2025, inflation rates slowed or turned negative in multiple regions, including Switzerland, Ghana, and the Eurozone. Switzerland recorded a 0.1% year-over-year decline in consumer prices, its first negative inflation reading since 2021, primarily due to falling prices for imported goods, transport, and food, as well as a stronger Swiss franc. This intensifies expectations that the Swiss National Bank will cut its interest rate at its upcoming meeting. Ghana's inflation fell to 18.4%, the lowest since February, with broad-based declines across food and non-food categories, suggesting improving price stability. Eurozone inflation eased to 1.9% in May, slipping below the European Central Bank's 2% target for the first time since September 2024, increasing speculation of a rate cut. These trends point to broader disinflationary pressures and could prompt further monetary easing in affected regions.