Switzerland: Annual drop in consumer prices eases in December
January 8, 2016
In December, consumer prices decreased 0.4% over the previous month, which was down from the 0.1% decrease seen in November and marked a five-month low. December’s result came mainly on the back of lower prices for food and non-alcoholic beverages.
In annual terms, consumer prices fell 1.3% in December, which was up from the 1.4% decrease tallied in November. The reading came in below the 1.2% decrease expected by the markets. Inflation is still well below the Central Bank’s target of 2.0%.
Author: Dirina Mançellari, Senior Economist