Swiss Inflation Rate Steady at -1.4% in September


Consumer prices in Switzerland decreased by 1.4 percent year-on-year in September of 2015, the same pace as in the previous month and matching market expectations. A higher decline in prices of food, leisure activities and transportation was enough to offset a lower drop in cost of housing, accommodation and clothing.

Compared to September 2014, cost of food and non-alcoholic beverages declined by 1.3 percent (-1.1 percent in August); prices of leisure and culture went down by 2.2 percent (-2.1 percent in August); and cost of transport decreased by 5.1 percent (-4.6 percent in August). Meanwhile, prices of housing and utilities (-1 percent from -1.1 percent last month), restaurants and hotels (-0.1 percent from -0.2 percent) and clothing and footwear (-0.1 percent from -0.4 percent) dropped at a slower pace. By contrast, prices of education increased by 1.4 percent.

On a monthly basis, consumer prices increased by 0.1 percent in September, following a 0.2 percent decline in the previous month, mainly due to higher prices of clothing and footwear (+5.3 percent); furniture and household services (+0.1 percent); and miscellaneous goods and services (+0.3 percent). Meanwhile, cost transportation continued to drag the inflation down (-0.8 percent), while prices of food, housing and health showed no growth.

Swiss Inflation Rate Steady at -1.4% in September


Joana Ferreira | joana.ferreira@tradingeconomics.com
10/6/2015 8:52:32 AM