Switzerland: Annual drop in consumer prices eases further in August
September 6, 2016
In August, consumer prices decreased 0.1% over the previous month, which came in above July’s 0.4% decrease and matched market expectations. August’s reading was driven by lower prices for transport and leisure and was partly offset by higher prices for clothing and footwear.
In annual terms, consumer prices fell 0.1% in August, which was above July’s result (-0.2% year-on-year) and marked the smallest annual decrease since November 2014. The annual average variation in consumer prices registered minus 0.8% in August (July: -0.9% yoy).