Switzerland Inflation


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%.

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 September 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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