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Financial News: Swiss Consumer Prices Fall In August

Swiss Consumer Prices Fall In August

09/03/2020 - 05:38:00 (RTTNews)

(RTTNews) - Switzerland's consumer prices continued to decline in August, data from the Federal Statistical Office showed on Thursday.

The consumer price index decreased 0.9 percent year-on-year in August, the same rate of fall as seen in July. Economists had expected a 0.8 percent fall.

On a monthly basis, consumer prices remained unchanged in August. Economists forecast a 0.1 percent rise.

Prices for clothing and footwear, accommodation, and communication increased in August, while those for air transport, travel package and housing rent declined.

The core CPI fell 0.4 percent annually in August and remained unchanged from the previous month.

The EU measure of harmonized index of consumer prices rose 0.1 percent monthly in August and declined 1.4 percent from the previous year.

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