Switzerland Deflation Eases in June


Consumer prices in Switzerland decreased 1 percent year-on-year in June 2015, following a 6-year low 1.2 percent drop in the previous month. Cost of both transport and furniture and household services fell at a slower pace.

Compared to June 2014, transport prices decreased 3.7 percent (-4.5 percent in May) and furnishings and household equipment cost declined 2.3 percent (-2.5 percent in the previous month). Additional downward pressures came from: recreation and culture (-2.4 percent); food and nonalcoholic beverages (-0.8 percent); miscellaneous goods and services (-0.7 percent); housing and energy (-0.4 percent); and health (-0.4 percent). In contrast, education cost went up 1.2 percent and clothing and footwear prices grew 0.6 percent.

On a monthly basis, consumer prices increased 0.1 percent in June, mainly due to higher cost of food and nonalcoholic beverages (+0.8 percent); transport (+0.7 percent); furniture and household services (+0.1 percent); and communications (+0.1 percent). Meanwhile, clothing and footwear prices fell 1 percent and alcoholic beverages and tobacco declined 0.4 percent.

Switzerland Deflation Eases in June


Swiss Federal Statistical Office | joana.ferreira@tradingeconomics.com
7/6/2015 9:31:28 AM