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%.
Author: Dirina Mançellari, Senior Economist