Switzerland Inflation

Switzerland

Switzerland: Consumer prices drop at a softer pace in October

November 5, 2015

In October, consumer prices increased 0.1% over the previous month. The reading matched the previous month’s figure, thus standing at the highest level in four-months. September’s result came mainly on the back of higher prices for clothing.

In annual terms, consumer prices fell 1.3% in October, which was above the previous month’s 1.4% decrease and marked the softest decrease in three months. The reading overshot market expectations of a 1.4% decrease. The inflation is still well below the Central Bank’s target of 2.0%.

The Central Bank expects consumer prices to record an annual drop of 1.0% in 2015 and of 0.55% in 2016. Panelists polled by FocusEconomics expect consumer prices to fall 1.1% in 2015, which is unchanged from last month’s forecast. For 2016, panelists expect inflation of 0.2%, which is down 0.1 percentage points from last month’s estimate.


Author:, Senior Economist

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Switzerland Inflation Chart


Switzerland Inflation October 2015 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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