Switzerland: Consumer prices fall in annual terms in November
December 8, 2014
In November, consumer prices were unchanged over the previous month, which followed a similar reading in October and matched market expectations. The subdued print reflected that lower fuel prices compensated for higher prices for alcoholic beverages and tobacco.
In annual terms, consumer prices fell 0.1% in November, which came in below the flat reading observed in October. Inflation in Switzerland remains well below the Swiss National Bank’s target of 2.0%. Annual average inflation remained unchanged at October’s zero in November.
Author: Ricardo Aceves, Senior Economist