Switzerland: Consumer prices post greatest fall since January 2016 in April
May 5, 2020
Consumer prices fell 0.4% over the previous month in April, contrasting the 0.1% increase seen in March. Looking at the details of the release, prices of transportation and restaurants and hotels dropped at more pronounced rates in April, while housing and energy, and healthcare prices also declined, albeit at softer paces than in March. On the other hand, prices for food and non-alcoholic beverages rose higher in the month.
Consumer prices fell 1.1% year-on-year in April, a larger decrease compared to March’s 0.5% drop. April's figure was the largest fall in consumer prices in over four years. Meanwhile, average annual consumer prices were flat in April (March: 0.2%).
Author: Lindsey Ice, Economist