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Switzerland Inflation December 2019

Switzerland: Inflation returns in December but remains meek

Consumer prices were unchanged in month-on-month terms in December, following November’s 0.1% dip, with lower prices for clothing and footwear offsetting higher communications prices.

Consumer prices rose 0.2% in annual terms in December, coming after consecutive annual price falls in October and November, while core inflation clocked 0.4%. In 2020, inflation is seen averaging slightly higher than its current level, propped up by some currency weakening, but will remain extremely low nonetheless—likely leading the Central Bank to retain its highly expansive monetary policy.

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