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).

 

Annual percent change, Harmonized Indexes of Consumer Prices (HICP), selected countries, 2000–2012
YearUnited
States
FranceGermany Italy  Japan NetherlandsNorwaySwedenSwitzerlandUnited
Kingdom

2000

3.41.81.42.5-0.92.33.11.30.9

2001

2.31.81.82.4-0.95.12.72.71.2

2002

0.91.91.42.6-1.23.90.81.91.3

2003

2.32.21.02.8-0.32.21.92.31.4

2004

2.82.31.82.20.01.40.61.01.3

2005

3.91.91.92.2-0.41.51.50.82.0

2006

3.21.91.82.20.31.72.51.51.02.3

2007

2.61.62.32.10.11.60.71.70.82.3

2008

4.43.22.83.51.62.23.43.32.43.6

2009

-0.90.10.20.7-1.51.02.31.9-0.82.1

2010

2.51.71.11.7-0.80.92.41.90.73.3

2011

3.92.32.52.9-0.32.51.21.40.14.5

2012

2.22.22.23.30.02.80.40.9-0.82.8

Note: Dashes indicate data are unavailable.
 

 

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.

SUGGESTED CITATION

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).

OF INTEREST

Recent editions of Spotlight on Statistics

  • A look at healthcare spending, employment, pay, benefits, and prices
    As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.

  • Employment and Wages in Healthcare Occupations
    Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.

  • Fifty years of looking at changes in peoples lives
    Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.