Swiss Inflation Rate Steady at 1.2% in August

The Swiss consumer price inflation came in at 1.2 percent year-on-year in August 2018, unchanged from the previous month and matching market expectations. Prices rose less mainly for housing & utilities, transport and food while advanced faster for restaurants & hotels.

Year-on-year, prices rose at a slower pace for housing & utilities (1.3 percent vs 1.5 percent in July); transport (3.2 percent vs 4.1 percent); food & non-alcoholic beverages (1.1 percent vs 1.5 percent). Also, cost continued to decrease for health (-0.6 percent vs -0.8 percent). Meantime, inflation was steady for recreation & culture (at 1.9 percent) and miscellaneous goods & services (at 0.4 percent). 

On the other hand, cost advanced further for restaurants & hotels (1.0 percent vs 0.8 percent) and clothing & footwear (3.2 percent vs 1.7 percent).

Annual core inflation, which strips out volatile price components like food, beverages, tobacco, seasonal products, energy and fuel, stood at 0.5 percent in August, unchanged from the previous month's figure.

On a monthly basis, consumer prices were flat, after decreasing 0.2 percent in the prior month. Prices fell mostly for airfares (-12.4 percent) and international package holidays (-1.7 percent) while they were up for clothing & footwear (3.1 percent) and housing rents (0.2 percent).

Swiss Inflation Rate Steady at 1.2% in August

Swiss Federal Statistical Office | Luisa Carvalho |
9/4/2018 8:24:51 AM