Switzerland Inflation Rate Flat in June

Swiss inflation rate slowed to 0.0 percent in June from 0.2 percent in May, as first sales that took place in the outfit sector led to a fall in prices of clothing and footwear.

In June of 2014, downward pressures came from prices of clothing and footwear (-2.9 percent, yoy), furnishing and household equipment maintenance (-0.7 percent), health (-0.8 percent), transport (-1.0 percent) and communications (-3.1 percent).

On a monthly basis, consumer prices fell 0.1 percent in June of 2014, following a 0.3 percent increase in the previous month. Prices fell for clothing and footwear (-2.2 percent), other goods and services (-0.3 percent), restaurants and hotels (-0.2 percent), household equipment and maintenance (-0.2 percent) and transport (-0.1 percent). In contrast, higher cost was registered for food and non-alcoholic beverages (+0.5 percent), alcoholic beverages and tobacco (+0.3 percent), housing and energy (+0.1 percent). Food prices increased for kiwi, strawberries, and grapes, vegetables, cabbage and root vegetables, onions and small bakery products. In contrast, prices of stone fruit, coffee and veal fell, partly due to promotions.

Cost of health, communications, recreation and culture remained unchanged in June. 

Switzerland Inflation Rate Flat in June

Isabel Felino | isabel.felino@tradingeconomics.com
7/8/2014 10:17:46 AM