Swiss housing on the lake with mountains in switzerland

Switzerland Inflation December 2020

Switzerland: Consumer prices post greatest drop since August in December

Consumer prices fell 0.10% in December over the previous month, softer than November’s 0.25% fall. Looking at the details of the release, transportation prices rose at a quicker pace in December compared to the previous month, while prices pressures for healthcare dropped. Prices for food and non-alcoholic beverages fell at a more modest pace.

Consumer prices fell 0.8% year-on-year in December, down from November’s 0.7% fall. December’s figure marked the largest fall in consumer prices since August. Accordingly, the trend was unchanged, with the annual average variation of consumer prices coming in at November’s minus 0.7% in December.

Ongoing deflation will ensure the Swiss National Bank maintains its extremely expansionary monetary policy.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest