Consumer prices fell by 0.2% in October
The consumer price index (CPI) fell by 0.2 % in October 2019 compared with the previous month, reaching 101.8 points (December 2015 = 100). Inflation was –0.3 % compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO).
The decrease of 0.2 % compared with the previous month can be explained by several factors including falling prices for international package holidays and hotel accommodation. The prices of vegetables and pasta also declined. In contrast, prices for clothing and footwear increased.
Harmonised Index of Consumer Prices (HICP)
In October 2019, the Swiss Harmonised Index of Consumer Prices (HICP) stood at 101.37 points (base 2015=100). This corresponds to a rate of change of –0.2% compared with the previous month and of –0.3 % compared with the same month of 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.
The results are published by the European Statistical Office, Eurostat, according to a predefined calendar. The FSO publishes a comparison between inflation in Switzerland and Europe on the webpage www.hicp.bfs.admin.ch A methodological note, the 2019 weighting of the Swiss standard HICP basket and the FSO News publication on the HICP are also available on this page. The HICP indices for other European countries for October 2019 will be published by Eurostat on 15 November 2019. You will find the HICP results on the Eurostat website at the following address: https://ec.europa.eu/eurostat/web/hicp