Switzerland: Annual drop in consumer prices steepens in November
December 6, 2016
In November, consumer prices decreased 0.2% from the previous month, which contrasted October’s 0.1% increase and was lower than market expectations of a 0.1% decrease. The reading was driven by lower prices for imports, such as hotel stays and package holidays.
In annual terms, consumer prices fell 0.3% in November, which was also below October’s reading of a 0.2% decline. The annual average variation in consumer prices registered minus 0.5% in November, the highest result in over a year (October: -0.6%).