Switzerland Inflation June 2017

Switzerland

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%.

The Central Bank projects that prices will increase 0.3% in both 2017 and 2018. Panelists polled by FocusEconomics expect inflation of 0.5% in 2017, which is unchanged from last month’s forecast. For 2018, panelists expect inflation of 0.6%.


Author:, Economist

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Switzerland Inflation Chart


Switzerland Inflation June 2017 0

Note: Month-on-month changes and annual variation of consumer price index (CPI) in %.
Source: Swiss Federal Statistics Office (BFS).


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