Switzerland Inflation August 2018

Switzerland

Switzerland: Inflation stable at over eight-year high in August

September 4, 2018

Consumer prices were flat on a month-on-month basis in August, contrasting July’s 0.2% contraction. The August print came as higher prices for housing and energy; clothing and footwear; and household goods and services were compensated by a fall in the price of transport; recreation and culture; food and non-alcoholic beverages; and alcohol and tobacco.

Inflation meanwhile was stable at July’s 1.2% in August, which was the highest print since April 2010. Annual average inflation inched up to 0.9% in August, from 0.8% in July.

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


Author:, Economist

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Switzerland Inflation Chart


Switzerland Inflation August 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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