Switzerland: Consumer prices dip again in annual terms in November
December 3, 2019
Consumer prices fell by 0.1% in November, following a 0.2% dip in October. Lower prices for food and non-alcoholic beverages; transport; and international holiday packages drove the decline. However, higher prices for housing and energy; and household goods and services partially offset the headline drop.
Consumer prices fell 0.1% year-on-year in November, after sliding 0.3% in October. Meanwhile, annual average inflation ticked down to 0.4% from 0.5% in October. Inflationary pressures should reappear gradually in the months ahead, although weak economic momentum and any strengthening of the franc will keep inflation muted.
Author: Lindsey Ice, Economist