Switzerland Inflation Rate at -1.3%

Consumer prices in Switzerland fell 1.3 percent year-on-year in December of 2015, after declining 1.4 percent in the previous four months and missing market expectations of a 1.2 percent drop, marking the fourteenth straight month the inflation is in negative territory.

Year-on-year, transport prices recorded the biggest drop (-4.7 percent), followed by communication (-2.5 percent), appliances (-1.6 percent), recreation and culture (-1.4 percent) and food and non-alcoholic beverages (-1.2 percent). Other downward pressure came from housing and energy (-0.9 percent). Only cost of clothing and footwear (+0.6 percent) and education (+0.9 percent) increased. 

On a monthly basis, consumer prices declined 0.4 percent, the biggest fall since July. The highest downward impact came from prices of housing and energy (-0.6 percent) and food and non-alcoholic beverages (down 1.1 percent).

Considering 2015, average inflation was -1.1 percent, much lower than 0 percent in 2014, mainly due to a 4.7 percent drop in import prices while domestic ones edged up 0.1 percent.

Switzerland Inflation Rate at -1.3%

Swiss Federal Statistical Office | Joana Taborda | joana.taborda@tradingeconomics.com
1/8/2016 10:26:56 AM