Inflation in Italy, 3.3 percent in 2012; in Switzerland, −0.8 percent
June 06, 2013
During 2012, the Harmonized Indexes of Consumer Prices (HICP), an internationally comparable measure of consumer price inflation, increased in 14 of 16 countries compared. Italy had the highest inflation (3.3 percent) followed by the United Kingdom (2.8 percent).
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In both Sweden and Norway, the annual percent increase in the HICP was less than 1.0 percent in 2012. Japan had no change in its HICP. Among the countries in the comparison, Switzerland was the only one in which the HICP declined in 2012 (−0.8 percent).
In the United States, the annual increase in the HICP was 2.2 percent in 2012.
These data are from the International Labor Comparisons (ILC) program. To learn more, please see International Indexes of Consumer Prices 18 countries and areas, 1999–2013 (PDF), May 2, 2013. Note that BLS has eliminated the ILC program to comply with the President's sequestration order.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Inflation in Italy, 3.3 percent in 2012; in Switzerland, −0.8 percent on the Internet at http://www.bls.gov/opub/ted/2013/ted_20130606.htm (visited July 30, 2016).
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