Switzerland: Inflation slumps in July
August 2, 2019
Consumer prices fell 0.5% over the prior month in July, down from June’s flat reading. The print was driven largely by lower prices for clothing and footwear due to seasonal sales, as well as transport and package holidays.
Inflation fell from 0.6% in June to just 0.3% in July, while annual average inflation was stable at June’s 0.8% in July.
Author: Lindsey Ice, Economist