Swiss inflation steady in August ’24

The Swiss consumer price index (CPI) remained steady at 107.5 points in August 2024, the same level as the previous month, according to the Federal Statistical Office (FSO). Year-on-year inflation was 1.1 per cent.

The CPI stability compared with the previous month resulted from opposing trends in various categories. While prices for housing rentals, and for clothing and footwear saw price increases. Conversely, prices for the hire of private means of transport, air transport, heating oil and international package holidays decreased, as well as did those for hotels and supplementary accommodation.

The Harmonised Index of Consumer Prices (HICP) also held steady at 107.86 points, reflecting no change from the previous month and a 1.0 per cent increase year-on-year.

Attribution: The Federal Statistical Office (FSO)

Subediting: Y.Yasser