Switzerland Inflation Rate Falls To 6-Month Low

Consumer prices in Switzerland increased 0.2 percent year-on-year in June of 2017, following a 0.5 percent rise in the previous month and below market expectations of 0.3 percent. It is the lowest value since a flat reading in December, mainly due to a fall in food cost and a slowdown in prices of housing, utilities and transport.

Year-on-year, prices rose at a slower pace for housing and utilities (0.9 percent compared to 1.1 percent in May); transport (0.8 percent compared to 1.3 percent) and restaurants and hotels (0.4 percent compared to 0.7 percent) and fell for food and non-alcoholic beverages (-0.6 percent compared to 0.7 percent) and health (-0.7 percent, the same as in May). On the other hand, inflation rose for recreation and culture (0.9 percent from 0.8 percent).

On a monthly basis, consumer prices edged down 0.1 percent, after rising 0.2 percent in each of the previous three months and compared to expectations of a flat reading. Main downward pressure came from declines in cost of fruits and airfares. In contrast, prices rose for package tours and vegetables. 

Swiss Federal Statistical Office | Joana Taborda | joana.taborda@tradingeconomics.com
7/6/2017 7:47:39 AM