Swiss Deflation Steady at -0.4% in May
Consumer prices in Switzerland fell by 0.4 percent year-on-year in May of 2016, the same as in the previous month and in line with market expectations, marking the the 19th straight month of deflation. On a monthly basis, consumer prices edged up 0.1 percent.
Compared with May 2015, prices fell for housing and energy (-0.5 percent, the same as in April); health (-0.3 percent, the same as in April); transport (-2 percent following a 1.4 percent decrease in April); furnishing (-2.8 percent from +3 percent); restaurants and hotels (-0.5 percent from -0.3 percent); miscellaneous goods and services (-1.6 percent from -1.5 percent); alcoholic beverages and tobacco (-0.7 percent from +0.3 percent) and communication (-1.6 percent from -1.2 percent). By contrast, prices of food and non-alcoholic beverages (+0.2 percent from +0.1), clothing and footwear (+2.3 percent from +3 percent) and recreation and culture (+1.6 percent from +0.8 percent) increased.
On a monthly basis, consumer prices went up slightly by 0.1 percent in April, following a 0.3 percent rise in the previous month, mainly due to higher cost of housing and energy (+0.4 percent); transports (+0.3 percent) and food (+0.6 percent) while health cost showed no rise.
6/8/2016 11:23:55 AM