Switzerland Inflation December 2016


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%).

The Central Bank projects that prices will increase 0.1% in 2017 and 0.5% in 2018. Panelists polled by FocusEconomics expect consumer prices to increase 0.4% in 2017, which is unchanged from last month’s forecast. For 2018, panelists expect inflation of 0.8%.

Author: Marlène Rump, Senior Data Analyst

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Switzerland Inflation Chart

Switzerland Inflation December 2016 0

Note: Month-on-month changes and annual variation of consumer price index (CPI) in %.
Source: Swiss Federal Statistics Office (BFS).

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