Switzerland Inflation


Switzerland: Consumer prices in April record fastest annual fall in over five years

May 8, 2015

In April, consumer prices fell 0.2% over the previous month. The reading contrasted the 0.3% increase reported in March. April’s result came on the back of lower prices for alcoholic drinks and tobacco as well as for transport.

In annual terms, consumer prices fell 1.1% in April, which came in below the 0.9% drop observed in the previous month. The reading marked the fastest annual fall in consumer prices since July 2009 and was slightly below the 0.9% drop the market had expected. As a result, inflation remains 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 0.55% in 2016. Panelists polled by FocusEconomics expect consumer prices to fall 1.0% in 2015, which is unchanged from last month’s forecast. For 2016, panelists expect inflation of 0.1%.

Author:, Senior Economist

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Switzerland Inflation Chart

Switzerland Inflation April 2015

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

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