Swiss Inflation Rate at 4-Month Low of 1%

Annual inflation rate in Switzerland decreased to 1 percent in September of 2018 from 1.2 percent in the previous month and below market expectations of 1.1 percent. It was the lowest inflation rate since May.

Year-on-year, prices rose at a slower pace for transport (3.1 percent from 3.2 percent in August); restaurant and hotels (0.8 percent from 1 percent); recreation and culture (1.4 percent from 1.9 percent); miscellaneous goods and services (0.3 percent from 0.4 percent); clothing and footwear (0.1 percent from 3.2 percent) and education (0.6 percent from 1 percent). Also, cost fell for health (-0.7 percent from -0.6 percent) and household equipment and maintenance (-0.1 percent from 0.3 percent). 

On the other hand, cost advanced further for food and non-alcoholic beverages (1.5 percent from 1.1 percent) and alcoholic beverages and tobacco (0.7 percent from 0.5 percent). Meanwhile, inflation was steady for housing and electricity (1.3 percent, the same as in August) and communication (0.7 percent). 

Annual core inflation, which strips out volatile price components like food, beverages, tobacco, seasonal products, energy and fuel, went down to 0.4 percent in September, following a 0.5 percent gain in August. 

On a monthly basis, consumer prices went up 0.1 percent, after showing no growth in the previous month. Prices rose for clothing and fresh vegetables while cost of international package holidays and air transport decreased.

Swiss Inflation Rate at 4-Month Low of 1%

Swiss Federal Statistical Office | Agna Gabriel |
10/5/2018 7:35:22 AM