Swiss Inflation Rate at 0% in April


Switzerland’s annual consumer prices were unchanged in April for the second straight month, after falling by 0.1 percent in February.

Year-on-year, the highest downward pressures came from prices of communications (-2.7 percent), clothing and footwear (-2.2 percent), appliances and routine maintenance of the house (-1.3 percent) and transport (-1.2 percent). In contrast, education cost rose 2 percent, housing and energy went up 1.4 percent and food prices increased 0.7 percent. 

Month-over-month, consumer prices decelerated to 0.1 percent in April, following a 0.4 percent increase in the previous month. While cost of clothing, package holidays, transport and physiotherapy rose, prices of hotel accommodation and food declined.

Annual core inflation rate was also unchanged in April, down from a 0.1 percent increase in the previous month.  

Swiss Inflation Rate at 0% in April


Joana Taborda | joana.taborda@tradingeconomics.com
5/8/2014 9:52:58 AM