Switzerland: Annual drop in consumer prices stable in October
November 7, 2016
In October, Swiss consumer prices increased 0.1% from the previous month, which mirrored September’s change and was just under market expectations of a 0.2% increase. The reading was driven by higher prices for clothing and footwear as the winter collection came into stores as well as by increased prices for crude oil products.
In annual terms, consumer prices fell 0.2% in October, which also matched September’s reading. Consumer prices have recorded negative changes for 24 consecutive months. The annual average variation in consumer prices registered minus 0.6% in October, the highest result in over a year (September: -0.7%).