Switzerland Inflation April 2016

Switzerland

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%.

The Central Bank expects consumer prices to record an annual drop of 0.55% in 2016. Panelists polled by FocusEconomics expect consumer prices to fall 1.1% in 2016, which is unchanged from last month’s forecast. For 2017, panelists expect inflation of 0.2%.


Author:, Senior Economist

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Switzerland Inflation December 2015

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


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