Switzerland: Inflation edges up to an over eight-year high in July
August 3, 2018
Consumer prices fell 0.2% on a month-on-month basis in July, coming in below June’s flat reading. July’s print mainly reflected lower prices for clothing and footwear due to seasonal sales. Prices for transportation, leisure and household equipment also fell, while a modest increase was recorded for healthcare and alcohol and tobacco.
Inflation increased from 1.1% in June to 1.2% in July, the highest print since April 2010. Meanwhile, annual average inflation inched up to 0.8% in July, from 0.7% in June.
Author: Joffrey Simonet, Economist