Previous post Next post

Switzerland Consumer Price Index in November 2016: -0.3 percent against 2015, -0.2 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 Italy or Spain are steady or 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 -0.3% +0.8% +0.6% +0.5% 0.0% +1.6% 100% 100%
Food +0.8% +1.2% +0.7% -0.1% +0.5% -0.2% 10.2% 13.7%
Shelter/Rents +1.2% +1.4% +1.2% +0.3% -1.9% +3.5% 24.7% 33.4%
Health Care -0.6% +1.6% Not published 0% +0.3% +4.6% 15.6% 8.6%
Energy & Fuels -2.4% -2.7% -1.1% +0.3% +0.3% +0.1% 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 November 2016:

Consumer prices fall by 0.2%


Neuchâtel, 06.12.2016 (FSO) – The Swiss Consumer Price Index (CPI) fell by 0.2% in November 2016 compared with the previous month, reaching 100.1 points (December 2015=100). Inflation was -0.3% in comparison with the same month in the previous year. These are the findings from the Federal Statistical Office (FSO).

Switzerland Consumer Price Index, November 2016

(see more posts on Switzerland Consumer Price Index, )
Switzerland Consumer Price Index, November 2016

Source: - Click to enlarge


Download press release: Swiss Consumer Price Index in November 2016


German text:

Landesindex der Konsumentenpreise im November 2016

Konsumentenpreise fallen um 0,2 Prozent

Neuchâtel, 06.12.2016 (BFS) – Der Landesindex der Konsumentenpreise (LIK) sank im November 2016 gegenüber dem Vormonat um 0,2 Prozent und erreichte den Stand von 100,1 Punkten (Dezember 2015=100 Punkte). Im Vergleich zum Vorjahresmonat betrug die Teuerung -0,3 Prozent. Dies geht aus den Zahlen des Bundesamts für Statistik (BFS) hervor.
Der Rückgang des LIK um 0,2 Prozent gegenüber dem Vormonat ist hauptsächlich auf tiefere Preise für Pauschalreisen und Hotelübernachtungen zurückzuführen. Weniger bezahlt wurde auch für Heizöl und Mobilnetz-Kommunikation, während die Wohnungsmieten stiegen.

Hauptergebnisse November 2016



Indizes und Veränderungsraten im November 2016 Click to enlarge.

Full story here Are you the author?
George Dorgan
George Dorgan (penname) predicted the end of the EUR/CHF peg at the CFA Society and at many occasions on 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.
Previous post See more for 2) Swiss and European Macro Next post
Tags: ,,

Permanent link to this article:

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.