Switzerland: Consumer prices in September again drop at steepest rate on record
October 7, 2015
In September, consumer prices increased 0.1% over the previous month. The reading contrasted the 0.2% decrease seen in August and marked a four-month high. September’s result came mainly on the back of higher prices for clothing.
In annual terms, consumer prices fell 1.4% in September, which matched August’s drop, thus remaining at the lowest level on record. The reading met market expectations. As a result, inflation remains well below the Central Bank’s target of 2.0%.
Author: Dirina Mançellari, Senior Economist