Switzerland Inflation Rate Lowest Since 1959


Consumer prices in Switzerland decreased 1.4 percent year-on-year in August 2015, following a 1.3 percent drop in the previous month, mainly due to lower cost of food, housing, health, transport. It is the lowest inflation rate in 56 years.

Compared to August 2014, food cost dropped 1.1 percent (-1.5 percent in July), housing and energy prices fell 1.1 percent (-0.5 percent in July); health cost declined by 0.3 percent (-0.5 percent in July) and transport prices 4.6 percent (-4.8 percent in July). Additional downward pressure came from: furnishings and household equipment (-2.6 percent); recreation and culture (-2.1 percent); miscellaneous goods and services (-1.6 percent) and restaurants and hotels prices (-0.2 percent). In contrast, education cost went up 1.2 percent and alcoholic beverages and tobacco rose by 0.3 percent. 

On a monthly basis, consumer prices declined by 0.2 percent in August, mainly due to lower prices of housing (-0.2 percent); health (-0.3 percent); transportation (-0.3 percent) and furnishings and household equipment (-0.5 percent). Meanwhile, only food cost increased by 0.4 percent.

Switzerland Inflation Rate Lowest Since 1959


Swiss Federal Statistical Office | yekaterina@tradingeconomics.com
9/4/2015 11:34:40 AM