The Federal Statistical Office (FSO) said that the consumer price index (CPI) fell by 0.1% in July 2021 compared with the previous month, reaching 101.0 points (December 2015 = 100). Inflation was +0.7% compared with the same month of the previous year.

The decrease of 0.1% compared with the previous month is due to several factors including falling prices for clothing and footwear due to seasonal sales. The prices for air transport also declined, along with the prices for international package holidays. In contrast, prices for hire of private means of transport and fuel increased.

In July 2021, the Swiss Harmonised Index of Consumer Prices (HICP) stood at 101.12 points (base 2015 = 100). This corresponds to a rate of change of +0.1% compared with the previous month and of +0.5% compared with the same month the previous year. The HICP is a supplementary indicator for inflation based on a harmonised method across EU member countries. It enables inflation in Switzerland to be compared with that of European countries.