Consumer Prices in Switzerland Fall by 0.3% in December


Swiss consumer prices dropped 0.3 percent year-on-year in December of 2014 following a 0.1 percent fall in November, due to lower energy cost.

Year-on-year, transport prices decreased the most (-1.4 percent) followed by leisure and culture (-1.3 percent); health (-0.3 percent) and housing and energy (- 0.1 percent). In contrast, upward pressures came from cost of restaurants and hotels (+0.4 percent) and food and non-alcoholic beverages (+0.2 percent).

On a monthly basis, consumer prices decreased 0.5 percent after being unchanged in November of 2014. Downward pressures came from leisure and culture (-1 percent), transport (-0.6 percent), housing and energy (-0.6 percent), food and non-alcoholic beverages (-0.5 percent) and health (-0.3 percent). Restaurants and hotels index registered the only notable rise (+0.1 percent). 

Consumer Prices in Switzerland Fall by 0.3% in December


Carolina Cunha | carolina.cunha@tradingecononomics.com
1/9/2015 9:41:39 AM