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Swiss consumer price inflation remain lowest compared to Eurozone and U.S.
Swiss consumer price inflation remain the lowest in comparison with different countries in the euro zone and the United States.
Consumer prices in the U.S. are driven by rising health care costs and asset price inflation in shelter.
In Europe, we see the opposite phenomenon: Rents in Spain or Italy are falling. In Germany and Switzerland rent control prevents that asset price inflation moves into consumer prices.
In Switzerland, more and more supply is helping to contain housing costs.
| Inflation Rate YoY and Main Drivers | Switzerland | Germany | Euro Area | Spain | Italy | United States | Weight
(Switzerland) |
Weight
(US) |
| Total | -0.2% | 0.8% | 0.5% | 0.7% | -0.1% | 1.5% | 100% | 100% |
| Food | 0.8% | 0.0% | 0.4% | 0.8% | 0.1% | -0.3% | 10.2% | 13.7% |
| Shelter/Rents | 0.2% | 1.4% | 1.1% | -2.8% | -1.7% | 3.4% | 24.7% | 33.4% |
| Health Care | -0.6% | 1.5% | -0.2% | 0.4% | 4.9% | 15.6% | 8.6% | |
| Energy & Fuels | 0.1% | -1.4% | -0.8% | 0.0% | 0.5% | -2.9% | 5.5% | 7.1% |
| Source | Swiss Statistics | Destatis | Eurostat | INE | ISTAT | BLS |
From the official press release by Swiss Statistics:
Swiss Consumer Price Index in October 2016
Consumer prices increase by 0.1%
| Neuchâtel, 07.11.2016 (FSO) – The Swiss Consumer Price Index (CPI) increased by 0.1% in October 2016 compared with the previous month, reaching 100.3 points (December 2015=100). Inflation was -0.2% in comparison with the same month in the previous year. These are the findings from the Federal Statistical Office (FSO). |
Switzerland Consumer Price Index, October 2016(see more posts on Switzerland Consumer Price Index, ) Source: Investing.com - Click to enlarge |
Download press release: Swiss Consumer Price Index in October 2016
German text:
Landesindex der Konsumentenpreise im Oktober 2016
Konsumentenpreise steigen um 0,1 Prozent
Neuchâtel, 07.11.2016 (BFS) – Der Landesindex der Konsumentenpreise (LIK) stieg im Oktober 2016 gegenüber dem Vormonat um 0,1 Prozent und erreichte den Stand von 100,3 Punkten (Dezember 2015=100 Punkte). Im Vergleich zum Vorjahresmonat betrug die Teuerung -0,2 Prozent. Dies geht aus den Zahlen des Bundesamts für Statistik (BFS) hervor.
Der Anstieg des LIK um 0,1 Prozent gegenüber dem Vormonat ist hauptsächlich auf das neu erhobene Wintersortiment im Bekleidungssektor sowie auf höhere Preise für Erdölprodukte zurückzuführen. Weniger bezahlt wurde hingegen für neue Automobile, Hotelübernachtungen und Pauschalreisen ins Ausland.
BUNDESAMT FÜR STATISTIK
Medienstelle
Indizes und Veränderungsraten im Oktober 2016 - Click to enlarge
Tags: newslettersent,Switzerland Consumer Price Index,Switzerland inflation
