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%.
Author: Dirina Mançellari, Senior Economist