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- Swiss consumer prices stable in August
Swiss consumer prices stable in August
The Federal
Statistical Office (FSO) reported on Tuesday the Swiss Consumer Price Index
(CPI) was flat m-o-m in August at 102.1 points (December 2015 = 100).
Economists had
expected the CPI would edge down 0.1 percent m-o-m, following a 0.5 percent
m-o-m drop in July.
In y-o-y terms,
the CPI rose 0.3 percent in August, the same pace as in the previous month. That
matched economists’ forecast.
According to
the report, airfares (-10.7 percent m-o-m) as well as prices for international
package holidays (-1.6 percent m-o-m) and in-patient hospital services (-1.0
percent m-o-m) declined. In contrast, prices for clothing and footwear (+0.3
percent m-o-m), and housing rental (+0.3 percent m-o-m) increased.
The Swiss
Harmonised Index of Consumer Prices (HICP) stood at 101.94 points (base 2015 =
100). This corresponds to a rate of change of +0.1 percent m-o-m and of +0.5
percent y-o-y.
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