Switzerland Inflation Rate Falls From 6-Year High To 0.4%


Consumer prices in Switzerland increased 0.4 percent year-on-year in April of 2017, lower than a near six-year high 0.6 percent increase in March. Figures came below market expectations of 0.5 percent, as prices slowed for food, hotel nights and transport.

Year-on-year, inflation eased for food (0 percent from 0.6 percent in March), transport (1.7 percent from 2 percent), recreation and culture (1.1 percent from 1.7 percent) and was steady for housing and utilities (1.3 percent). In addition, prices fell faster for health (-0.7 percent from -0.6 percent) and miscellaneous goods and services (-0.9 percent from 0.4 percent).

On a monthly basis, consumer prices edged up 0.2 percent, the same as in March and matching forecasts. Upward pressures came mainly from cost of clothing, with the arrival of the new summer collections and package travel abroad and air travel. On the other hand, prices of vegetables and hotel nights decreased.

Switzerland Inflation Rate Falls From 6-Year High To 0.4%


Swiss Federal Statistical Office | Joana Taborda | joana.taborda@tradingeconomics.com
5/11/2017 7:48:20 AM