Switzerland Inflation July 2018

Switzerland

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.

Panelists polled by FocusEconomics expect inflation to average 0.9% in 2018, which is up 0.2 percentage points from last month’s forecast. For 2019, panelists expect inflation to average 1.0%.


Author:, Economist

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Switzerland Inflation Chart


Switzerland Inflation July 2018

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


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