• Swiss consumer prices remained stable in September

Market news

4 October 2021

Swiss consumer prices remained stable in September

According to the report from the Federal Statistical Office (FSO), the consumer price index (CPI) remained stable in September 2021 compared with the previous month, remaining at 101.3 points (December 2020 = 100). Inflation was +0.9%. compared with the same month of the previous year.

The stability of the index compared with the previous month is the result of opposing trends that counterbalanced each other overall. Prices for clothing and footwear increased, as well as those for heating oil and air transport. In contrast, prices for international package holidays, as well as those for hire of private means of transport decreased.

In September 2021, the Swiss Harmonised Index of Consumer Prices (HICP) stood at 101.29 points (base 2015 = 100). This corresponds to a rate of change of 0.0% compared with the previous month and of +0.8% 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.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.