Switzerland Inflation Rate Falls Further

Consumer prices in Switzerland dropped 1.1 percent year-on-year in April, following a 0.9 percent fall in the previous month, driven by lower transport and accommodation cost.

Year-on-year, transport prices recorded the highest decrease (-5.2 percent), followed by recreation and culture (-2 percent) and household equipment and routine maintenance (-1.4 percent). Additional downward pressures came from food and nonalcoholic beverages (-0.5 percent) and housing and utilities (-0.5 percent). 

Clothing and footwear (0.4 percent) and education (1.2 percent) were the only upward pressures. 

On a monthly basis, consumer prices dropped 0.2 percent in April, following a 0.3 percent rise in March, mainly due to lower cost of new cars. Prices for new and used cars, bikes and diesel shrank 0.5 percent.

Switzerland Inflation Rate Falls Further

Joana Taborda | joana.taborda@tradingeconomics.com
5/8/2015 9:13:30 AM