Switzerland Inflation


Switzerland: Consumer prices in June drop at a softer pace

July 6, 2015

In June, consumer prices increased 0.1% over the previous month. The reading followed the 0.2% increase seen in the previous month. June’s result came on the back of higher prices for alcoholic drinks and tobacco as well as for transport.

In annual terms, consumer prices fell 1.0% in June, which came in above the 1.2% drop seen in May and marked a three-month high. The reading overshot market expectations which had annual consumer prices dropping at the previous month’ rate. 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 June 2015 0

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

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