Swiss Consumer Prices Fall 0.1% YoY in September

In September, Switzerland's annual inflation rate was registered at -0.1 percent, down from a flat rate in August. Higher prices for food and non-alcoholic beverages were offset by declines in clothing and household equipment.

The biggest downward pressures on the national index came from clothing and footwear (-4.6 percent) and household equipment (-1.6 percent). Other price decreases were registered in: transports (-1.2 percent), communication (-1.1 percent), health care (-0.8 percent) and entertainment and culture (-0.1 percent).

The biggest price rises were registered in food and non-alcoholic beverages (+2.6 percent), education (+2.1 percent), alcoholic beverages and tobacco (+1.6 percent) and restaurants and hotels (+0.7 percent).

Core inflation, which strips out more volatile components like food and beverages, seasonal products, energy and fuel, was -1.0 percent in September. On a monthly basis prices rose 0.3 percent.

Swiss Consumer Prices Fall 0.1% YoY in September

Nuno Fontes |
10/8/2013 9:21:32 AM