Switzerland: Consumer prices fall in annual terms to 20-month low
January 9, 2015
In January, consumer prices fell 0.4% over the previous month. The reading came in slightly above the 0.5% drop reported in December. January’s result stemmed from lower prices for clothing and transport.
In annual terms, consumer prices fell 0.5% in January, which came in below the 0.3% drop observed in December. The annual reading marked the fastest annual fall in consumer prices since May 2013. The figure was slightly above the 0.6% drop the market had expected. As a result, inflation remains well below the Central Bank’s target of 2.0%.
Author: Ricardo Aceves, Senior Economist