FXstreet.com (Barcelona) - Prices at consumer level have accelerated their growing pace in May influenced by strong increases on petrol prices, as the latest report by Swiss Statistics shows.

Consumer prices have increased 0.8% in may from April, and 2.9% from May 2007, well above the 2.3% year on year increase posted in April and the 0.5% in May 2007.

Petrol prices have posted a 16.4% increase in may, the largest of all, followed by the 2.3% increase on housing and energy prices, and the 1.3% increase on transport.