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Switzerland Inflation October 2020

Switzerland: Consumer prices record smallest fall since March in October

Consumer prices increased 0.01% over the previous month in October, swinging from September’s 0.04% fall. The rebound in price pressures was primarily due to a recovery in prices for healthcare, and restaurants and hotels.

Consumer prices decreased 0.6% on an annual basis in October, a more moderate drop compared to September’s 0.8% fall. October’s result marked the smallest fall in consumer prices since March. The annual average variation of consumer prices was unchanged at September’s minus 0.6% in October. Ongoing deflation will ensure the Swiss National Bank maintains its extremely expansionary monetary policy.

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