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Swiss Consumer Price Index in May 2016: -0.4 percent against 2015, +0.1 percent against last month

08.06.2016 09:15  – FSO, Prices (0353-1606-00)

Swiss Consumer Price Index in May 2016

For the third time in a row, prices in Switzerland increased against the previous month. Inflation was -0.4% against last year. Still in 2015 yearly inflation was mostly around -1.5% y/y. Now yearly HCPI inflation is -0.5%. Will this rising price tendency continue? It will be surely a problem for the SNB. They might need a stronger franc to keep inflation in check. The Swiss asset price bubble has not found yet its way into higher rents. Switzerland has pretty strict price regulation for rents that are indexed with the central bank rate. Once the SNB hikes rates, then both interest rates and asset price bubble will push inflation upwards.

Consumer prices increase by 0.1%

Neuchâtel, 08.06.2016 (FSO) – The Swiss Consumer Price Index increased by 0.1% in May 2016 compared with the previous month, reaching 100.6 points (December 2015=100). Inflation was -0.4% in comparison with the same month in the previous year. These are the findings of the Federal Statistical Office (FSO).

Download this press release (pdf, 129 KB)

Bericht CD Bund

Bericht CD Bund - Click to enlarge

German text:

Landesindex der Konsumentenpreise im Mai 2016

Konsumentenpreise steigen um 0,1 Prozent

Neuchâtel, 08.06.2016 (BFS) – Der Landesindex der Konsumentenpreise (LIK) stieg im Mai 2016 gegenüber dem Vormonat um 0,1 Prozent und erreichte den Stand von 100,6 Punkten (Dezember 2015=100 Punkte). Im Vergleich zum Vorjahresmonat betrug die Teuerung -0,4 Prozent. Dies geht aus den Zahlen des Bundesamts für Statistik (BFS) hervor.

Der Anstieg des LIK um 0,1 Prozent gegenüber dem Vormonat ist auf mehrere Ursachen zurückzuführen. Teurer wurden insbesondere Erdölprodukte, Pauschalreisen, Lebensmittel und Mieten. Rückläufig waren hingegen die Preise für Luftverkehr sowie, infolge von Aktionen, die Preise für Möbel und Einrichtungszubehör.

Konsumentenpreise steigen

BUNDESAMT FÜR STATISTIK
Medienstelle

Indizes und Veränderungsraten im Mai 2016

 

 

Full story here
Swiss Statistics
The Swiss Federal Statistics Office publishes information on the situation and developments in Switzerland in a multitude of fields and plays a part in enabling comparisons at an internal level.
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