Switzerland Inflation April 2016

Switzerland

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.

The Central Bank projects that prices will drop 0.8% this year before rebounding and increasing 0.1% in 2017. Panelists polled by FocusEconomics expect consumer prices to fall 0.6% in 2016, which is down 0.2 percentage points from last month’s forecast. For 2017, panelists expect inflation of 0.4%.


Author: Marlène Rump, Senior Data Analyst

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Switzerland Inflation Chart


Switzerland Inflation April 2016 0

Note: Month-on-month changes and annual variation of consumer price index (CPI) in %.
Source: Swiss Federal Statistics Office (BFS).


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