Switzerland: Inflation softens in November

Consumer prices fell 0.3% over the prior month in November, swinging from the 0.2% increase recorded in October. The decline came on the back of lower prices for recreation and culture; clothing and footwear; and food and beverages, but was partially offset by higher prices for household goods and maintenance, and communications.

Inflation eased to 0.9% in November from 1.1% in October. Meanwhile, annual average inflation ticked up to 1.0% in November from 0.9% in October.

Switzerland Inflation Forecast

Panelists polled by FocusEconomics expect inflation to average 0.9% in 2019, which is down 0.1 percentage points from last month’s forecast. For 2020, panelists expect inflation to average 1.0%.