Switzerland Stuck in Deflation


Consumer prices in Switzerland were down 0.9 percent year-on-year in March of 2016, following a 0.8 percent drop in the previous month and in line with market expectations. It is the 17th straight month of deflation.

Year-on-year, the biggest downward impact came from housing and energy (prices down 0.7 percent), followed by health (prices down 0.4 percent), transport (prices down 3.1 percent), food and non-alcoholic beverages (prices down 0.1 percent) and recreation and culture (prices down 0.6 percent). Upward pressure came from cost of clothing and footwear (prices up 1.1 percent) and education (prices up 0.9 percent). 

On a monthly basis, consumer prices increased 0.3 percent, slightly up from a 0.2 percent rise in February. Biggest upward pressure came from clothing and footwear (prices up 4.8 percent), followed by transport (prices up 0.3 percent) due to price hikes of petroleum products and transport air, restaurants and hotels (prices up 0.4 percent), recreation and culture (prices up 0.4 percent) and housing and energy (prices up 0.1 percent).

Switzerland Stuck in Deflation


Swiss Federal Statistical Office | Joana Taborda | joana.taborda@tradingeconomics.com
4/8/2016 8:39:08 AM