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%.
Author: Dirina Mançellari, Senior Economist