Swiss prices decrease on rising retail sales

Note: This section contains information in English only.
Source: RTT News
© Scanpix/Reuters
Swiss Federal Statistics Office has announced a 0.1% annual deflation in September, while in August prices remained flat. It is expected the deflation to reach 0.2% in 2013 before turning back into 0.3% inflation in 2014. Alongside, retail sales in Switzerland surged 2.4% in August after a 0.6% advance the month earlier. Moreover, the non-food sales jumped as much as 3.9% on the annual basis.

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