Swiss Inflation Rate Flat in July

In July, Swiss consumer prices were unchanged from a year earlier, compared with annual rates of -0.1 percent in June and of -0.7 percent in July of 2012. Higher prices for oil products and food were offset by declines in clothing and communications.
Nuno Fontes | nuno@tradingeconomics.com 8/7/2013 8:57:05 AM
The biggest downward pressures on the national index came from clothing and footwear (-2.7 percent) and communications (-2.6 percent). Major downward pressures came also from: household equipment and routine household maintenance (-0.9 percent), health care (-0.9 percent), leisure and culture (-0.7 percent) and transportation (-0.3 percent).

The biggest price rises were registered in food and non-alcoholic beverages (+2.0 percent), education (+1.5 percent), oil products (+1.3 percent), alcoholic beverages and tobacco (+1.0 percent), restaurants and hotels (+0.9 percent).

Core inflation, which strips out more volatile components like food and beverages, seasonal products, energy and fuel, was -0.2 percent in July.

Swiss Inflation Rate Flat in July