Switzerland: Annual drop in consumer prices worsens in September
October 6, 2016
In September, consumer prices increased 0.1% from the previous month, just under market expectations of 0.2%, in a timid rebound from August’s 0.1% decrease. September’s reading was driven by higher prices for clothing and footwear as summer sales ended, as well as for oil products.
In annual terms, consumer prices fell 0.2% in September, which was below August’s result (-0.1% year-on-year). The annual average variation in consumer prices registered minus 0.7% in September, the highest result in over a year. (August: -0.8% yoy).