Switzerland: Consumer prices record fastest annual fall in nearly three years
March 6, 2015
In February, consumer prices fell 0.3% over the previous month. The reading came in slightly above the 0.4% drop reported in January. February’s result came on the back of lower prices for food, non-alcoholic drinks and transport.
In annual terms, consumer prices fell 0.8% in February, which came in below the 0.5% drop observed in January. The reading marked the fastest annual fall in consumer prices since June 2012. The figure was slightly below the 0.6% drop the market had expected. As a result, inflation remains well below the Central Bank’s target of 2.0%.
Author: Dirina Mançellari, Senior Economist