Switzerland Inflation


Switzerland: Consumer prices in March record fastest annual fall in nearly three years

April 8, 2015

In March, consumer prices rose 0.3% over the previous month. The reading contrasted the 0.3% drop reported in February. March’s result came on the back of higher prices for alcoholic drinks and tobacco as well as for footwear and clothes.

In annual terms, consumer prices fell 0.9% in March, which came in below the 0.8% drop observed in February. The reading marked the fastest annual fall in consumer prices since June 2012. The figure was slightly above the 1.0% 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 March 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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