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- Swiss сonsumer prices remained stable in October
Swiss сonsumer prices remained stable in October
According to the report from the Federal Statistical Office, the consumer price index (CPI) remained stable in October 2020 compared with the previous month, remaining at 101.2 points (December 2015 = 100). Inflation was –0.6% compared with the same month of the previous year.
The stability of the index compared with the previous month is the result of opposing trends that counterbalanced each other overall. Prices for clothing and footwear increased, as well as those for glasses and contact lenses. In contrast, prices for combined offers for fixed-line and mobile communication, as well as those for other fruits (melons and grapes) decreased.
In October 2020, the Swiss Harmonised Index of Consumer Prices (HICP) stood at 100.45 points (base 2015 = 100). This corresponds to a rate of change of 0.0% compared with the previous month and of –0.9% compared with the same month the previous year. Due to the effects of the pandemic, the same missing price imputation techniques used for the CPI were introduced for the HICP.
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