Switzerland Inflation

Switzerland

Switzerland: Annual consumer prices drop in November at previous month's pace

December 4, 2015

In November, consumer prices decreased 0.1% over the previous month, which contrasted the 0.1% increase seen in October and marked a three-month low. November’s result came mainly on the back of lower prices for food and non-alcoholic beverages.

In annual terms, consumer prices fell 1.4% in November, which matched the previous month’s figure. The reading came in below the 1.3% decrease expected by the markets. Inflation is still well below the Central Bank’s target of 2.0%.

The Central Bank expects consumer prices to record an annual drop of 1.0% in 2015 and of 0.55% in 2016. Panelists polled by FocusEconomics expect consumer prices to fall 1.1% in 2015, which is unchanged from last month’s forecast. For 2016, panelists expect inflation of 0.2%, which is down 0.1 percentage points from last month’s estimate.


Author:, Senior Economist

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Switzerland Inflation Chart


Switzerland Inflation November 2015 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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