Swiss Inflation Rate Flat in August

In August, Switzerland's consumer prices were unchanged from a year earlier for the second consecutive month. Higher prices for food were offset by declines in clothing and communications. In August of 2012, consumer prices declined 0.5 percent.

The biggest downward pressures on the national index came from clothing and footwear (-3.3 percent) and communications (-2.6 percent). Other price decreases were registered in: household equipment and routine household maintenance (-0.9 percent), transportation (-0.3 percent), health care (-0.7 percent) and leisure and culture (-0.3 percent).

The biggest price rises were registered in food and non-alcoholic beverages (+1.6 percent), alcoholic beverages and tobacco (+1.6 percent), education (+1.5 percent) and restaurants and hotels (+0.8 percent).

Core inflation, which strips out more volatile components like food and beverages, seasonal products, energy and fuel, was -1.1 percent in August. On a monthly basis prices fell 0.1 percent.

Swiss Inflation Rate Flat in August

BFS | Nuno Fontes |
9/6/2013 9:14:16 AM