Swiss Inflation Rate Holds Steady at 2-Year Low


Switzerland's annual inflation was unchanged at 0.3 percent in August 2019, the lowest since July 2017 and in line with market expectations.

Main upward pressure came from: food and non-alcoholic beverages (0.3 percent vs -0.4 percent); transport (0.4 percent, the same as in July); restaurants and hotels (0.7 percent vs 0.6 percent); and other goods and services (0.9 percent vs 0.6 percent).

Meanwhile, housing and energy inflation slowed to 0.3 percent from 0.4 percent in the previous month, while prices continued to fall for healthcare (-0.6 percent vs -0.4 percent) and recreation and culture (-0.8 percent, the same as in July).
 
Annual core inflation, which strips out volatile price components like fresh and seasonal products, energy and fuels, stood at 0.4 percent in August, unchanged from the previous month's five-month low.
 
On a monthly basis, consumer prices were flat in August, after decreasing by 0.5 percent in July and compared to market consensus of a 0.1 percent fall. Airfares, as well as prices for international package holidays and in-patient hospital services, declined; while prices for clothing, footwear and housing rental increased.

Swiss Inflation Rate Holds Steady at 2-Year Low


Swiss Federal Statistical Office | Chusnul Ch Manan | chusnul@tradingeconomics.com
9/3/2019 5:05:04 PM