Switzerland: Annual fall in consumer prices eases mildly in April
May 9, 2016
In April, consumer prices increased 0.3% over the previous month, which mirrored March’s reading and was in line with market expectations. The result, which marked a third consecutive increase, came mainly on the back of higher prices for clothing, due the start of the summer apparel collection, as well as for package holidays and crude oil products.
In annual terms, consumer prices fell 0.4% in April, which was above March’s 0.9% decrease and marked the highest reading in 16 months. The annual average variation in consumer prices inched up from minus 1.2% in March to minus 1.1% in April.