Switzerland Inflation


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.

The Central Bank expects inflation to average 0.2% in 2015. Panelists polled by FocusEconomics see inflation at 0.2% in 2015, which is unchanged from last month’s forecast. For 2016, panelists expect inflation to rise to 0.8%..

Author:, Senior Economist

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Switzerland Inflation Chart

Switzerland Inflation November 2014

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

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