Switzerland: Inflation edges down in June
July 6, 2017
In June, consumer prices fell 0.1% from the previous month, in contrast to the 0.2% rise in May. The decline stemmed from lower prices for clothing and footwear and transport, which more than offset increases in prices for recreation and cultural services.
Inflation came in at 0.2% in June, below May’s 0.5% and market expectations of a 0.3% reading. The annual variation in consumer prices remained stable at 0.1%.
Author: Nihad Ahmed, Economist