Switzerland Inflation Rate at 56-Year Low in July

Consumer prices in Switzerland decreased 1.3 percent year-on-year in July 2015, following a 1 percent drop in the previous month, mainly due to lower cost of housing, health, transport and food. It was the lowest value since July of 1959.
Swiss Federal Statistical Office | joana.ferreira@tradingeconomics.com 8/5/2015 11:25:44 AM
Compared to July 2014, housing and energy prices fell 0.5 percent (-0.4 percent in May); health cost declined by 0.5 percent (-0.4 percent in May); transport prices decreased by 4.8 percent ( -3.7 percent in May); and food cost dropped 1.5 percent (-0.8 percent in May). Additional downward pressures came from: furnishings and household equipment (-2.5 percent); recreation and culture (-2.3 percent); and miscellaneous goods and services (-1 percent). In contrast, education cost went up 1.2 percent and restaurants and hotels prices grew 0.2 percent.

On a monthly basis, consumer prices declined by 0.6 percent in July, reaching its lowest level since October 2007, mainly due to lower prices of clothing and footwear (-8.3 percent); furniture and household services (-1.4 percent); and transportation (-0.9 percent). Meanwhile, ony alcoholic beverages and tobacco cost increased (+0.7 percent).

Switzerland Inflation Rate at 56-Year Low in July