Switzerland: Consumer prices unchanged in year-on-year terms
November 5, 2014
In October, consumer prices were unchanged over the previous month, which came in below the 0.1% increase observed in September but above the 0.1% drop the markets had expected. The subdued print reflected that higher prices for clothing and footwear offset lower prices for food and non-alcoholic beverages as well as for petroleum products.
Compared to the same month last year, consumer prices also were unchanged in October, which was up from the 0.1% decrease registered in September. Inflation in Switzerland remains well below the Swiss National Bank’s target of 2.0%. Annual average inflation remained unchanged at September’s zero in October.
Author: Ricardo Aceves, Senior Economist