Swiss Inflation Rate Unchanged at 0.1% in December


In December, Switzerland's consumer prices rose 0.1 percent, unchanged from the previous month and at its highest since September of 2011. Higher prices for food, education, housing and energy were offset by sharp decreases in clothing and communications.

The biggest downward pressures on the national index came from clothing and footwear (-3.4 percent) and communications (-2.6 percent). Other price decreases were registered in: transportation (-1.2 percent) and health care (-1.1 percent).

The biggest price rises were registered in education (+2.0 percent), food and non-alcoholic beverages (+1.5 percent), alcoholic beverages and tobacco (+1.3 percent), and housing and energy (+1.1 percent).

Core inflation, which strips out more volatile components like food and beverages, seasonal products, energy and fuel, was 0.0 percent in November. On a monthly basis, prices fell 0.2 percent.

Swiss Inflation Rate Unchanged at 0.1% in December


BFS | Nuno Fontes | nuno@tradingeconomics.com
1/10/2014 9:05:44 AM