Swiss Inflation Stays Flat in July as Core Gauge Ticks Higher

Switzerland’s inflation remained subdued in July, with the headline consumer price index unchanged from the previous month and up just 0.2% from a year earlier, official figures showed on 4 August. The annual reading edged above economists’ forecasts for a 0.1% rise, while the monthly figure defied expectations for a 0.2% decline. Underlying pressures firmed slightly. Core CPI, which strips out volatile items, climbed 0.8% year-on-year, accelerating from 0.6% in June and overshooting the 0.6% consensus estimate. The EU-harmonised measure rose 0.3% on the month and 0.1% on the year, underscoring the persistently low price environment in the Swiss economy.