Switzerland Inflation Rate Unchanged at -0.6% in April

The Swiss Consumer Price Index calculated by the Federal Statistical Office remained unchanged in April 2013 at 99.1 points. Compared to the same month in the previous year, the inflation rate was -0.6 percent, compared with annualised rates of also -0.6 percent in March 2013 and of -1.0 percent in April 2012.

The decline in the national index, in April, of 0.6 percent was mainly due to the fall in household equipment and routine household maintenance (-4.4 percent) and communications (-2.6 percent). Major downward pressures came also from: transportation (-2.2 percent), health (-0.9 percent) and fuels (-0.6 percent).

The biggest upward pressures came from: alcoholic beverages and tobacco (+1.8 percent), education (+1.5 percent), food and non-alcoholic beverages (+1.8 percent), restaurants and hotels (+0.8 percent) and recreation and culture (+0.1 percent).
Core inflation (which excludes more volatile components like food and beverages, seasonal products, energy and fuel) fell 0.6 percent in April.

FSO | Nuno Fontes | nuno@tradingeconomics.com
5/8/2013 9:43:58 AM