Swiss Inflation Rises to 2-Year-High in November

In November, Switzerland's consumer prices rose 0.1 percent, up from a 0.3 percent fall in October. Higher prices for food, education, housing and energy drove inflation to its highest level since September of 2011.

The biggest downward pressures on the national index came from clothing and footwear (-4.1 percent) and communications (-2.5 percent). Other price decreases were registered in: transportation (-0.9 percent) and health care (-0.7 percent).

The biggest price rises were registered in education (+2.1 percent), food and non-alcoholic beverages (+1.7 percent), alcoholic beverages and tobacco (+1.6 percent), and housing and energy (+0.9 percent).

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

Swiss Inflation Rises to 2-Year-High in November

BFS | Nuno Fontes |
12/6/2013 8:47:02 AM