Switzerland Inflation

Switzerland

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

Sample Report

Looking for forecasts related to Inflation in Switzerland? Download a sample report now.

Download

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).


Switzerland Economic News

More news

Search form