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%.
Author: Dirina Mançellari, Senior Economist