Switzerland: Annual fall in consumer prices continues in March
April 8, 2016
In March, consumer prices increased 0.3% over the previous month, which was slightly higher than February’s 0.2% rise and marked the fastest monthly rise in twelve years. March’s result, which was in line market expectations, came mainly on the back of higher prices for clothing and shoes.
In annual terms, consumer prices fell 0.9% in March, which was marginally below February’s 0.8% decrease. Inflation is still well below the Central Bank’s target of 2.0%. The annual average variation in consumer prices was unchanged at February’s minus 1.2% in March.