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Switzerland Consumer Price Index in October 2016: -0.2 percent against 2015, +0.1 percent against last month

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, )
Switzerland Consumer Price Index, October 2016

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.

hauptergebnisse-oktober-2016

BUNDESAMT FÜR STATISTIK
Medienstelle

Indizes und Veränderungsraten im Oktober 2016

Indizes und Veränderungsraten im Oktober 2016 - Click to enlarge

Full story here
George Dorgan
George Dorgan (penname) predicted the end of the EUR/CHF peg at the CFA Society and at many occasions on SeekingAlpha.com and on this blog. Several Swiss and international financial advisors support the site. These firms aim to deliver independent advice from the often misleading mainstream of banks and asset managers. George is FinTech entrepreneur, financial author and alternative economist. He speak seven languages fluently.
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