Switzerland: Annual change in consumer prices drop for a third consecutive month
July 7, 2016
In June, consumer prices increased 0.1% over the previous month, which was in line with May’s reading and market expectations. This is the fifth consecutive monthly increase and it was mainly driven by higher prices for crude oil products, package holidays as well as fruits and vegetables. Conversely, prices for clothing and air transport fell in June.
In annual terms, consumer prices fell 0.4% in June, which mirrored the results in April and May. The annual average variation in consumer prices registered minus 1.0% in June (May: -1.1% year-on-year).
Author: Luis Lopez Vivas, Economist