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.
BFS | Nuno Fontes | nuno@tradingeconomics.com 9/6/2013 9:14:16 AM
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