Switzerland: Annual change in consumer prices flat in December
January 5, 2017
In December, consumer prices decreased 0.1% from the previous month, which was slightly above November’s 0.2% slip and matched market expectations. The figure was the result of a mix of price decreases in holiday packages and price increases for energy-related products such as transportation and heating.
In annual terms, consumer prices were flat in December, which was also above November’s 0.3% drop. This was the first time in over two years that the annual change was not negative. The annual average variation in consumer prices registered minus 0.4% in December (November: -0.5%).