Switzerland Consumer Prices Flat in July


The annual inflation rate in Switzerland remained unchanged at 0.0 percent in July of 2014, the same rate as the previous month. A drop in clothing and house equipment cost was enough to offset higher prices of alcoholic beverages, tobacco and energy.

Year-on-year, upward inflationary pressures came from cost of food and non-alcoholic beverages (+0.3 percent), alcoholic beverages and tobacco (+1.1 percent), housing, water, electricity, gas and other fuels (+1.1 percent), recreation and culture (+0.8 percent), education (+2.0 percent), restaurants and cafes (+0.4 percent). In the other hand, prices declined for clothing and footwear (-1.6 percent), furnishings and household equipment (-1.0 percent), health (-0.8 percent), transport (-0.5 percent) and communications (-3.1 percent).

On a monthly basis, inflation fell by 0.4 percent in July of 2014 compared with a 0.1 percent decline in the previous month, primarily due to summer sales in the clothing sector (-7.7 percent). Also, prices fell for household equipment and routine maintenance (-1.2 percent), restaurants and hotels (-0.5 percent), recreation and culture (-0.2 percent), housing and energy (-0.1 percent) and alcoholic beverages and tobacco (-0.1 percent). In contrast, prices rose for other goods and services (+0.3 percent), transport (0.2 percent) and food and non-alcoholic beverages (+0.1 percent). Indices of health and communications remained unchanged in July. 

Switzerland Consumer Prices Flat in July


Swiss Federal Statistical Office | Isabel Felino | isabel.felino@tradingeconomics.com
8/6/2014 9:25:06 AM