Swiss Inflation Rate Flat in October


Swiss consumer prices were unchanged year-on-year in October, following a 0.1 percent fall in September. On a monthly basis, consumer prices were also flat.

Year-on-year, communication prices recorded the largest drop (-2.1 percent), followed by health cost (-1.2 percent), household equipment (-1.1 percent) and transport prices (-0.8 percent). In contrast, prices of alcoholic beverages and tobacco increased the most (1.3 percent), followed by clothing and footwear (0.9 percent), housing and utilities (0.9 percent) and food (0.8 percent). 

On a monthly basis, consumer prices were flat, after rising 0.1 percent in the previous month. Prices for recreation and culture and health were unchanged. Communication cost rose 0.5 percent, household equipment went up 0.2 percent and transport prices edged up 0.1 percent. Downward pressures came from food prices (-1.3 percent), mainly vegetables and housing and utilities (-0.2 percent), mainly heating oil. 

Annual core inflation rate accelerated to 0.1 percent.

Swiss Inflation Rate Flat in October


Joana Taborda | joana.taborda@tradingeconomics.com
11/5/2014 8:52:48 AM