Swiss Inflation Rate Remains at Lowest Since 1959


Consumer prices in Switzerland decreased by 1.4 percent year-on-year in November of 2015, the same pace as in the previous three months while staying above market expectations of 1.3 percent fall. Higher declines in prices of health, accommodation and miscellaneous goods and services were enough to offset lower drops in cost of transportation, leisure activities and furnishings.

Compared to November 2014, cost of health declined faster by 0.7 percent (from -0.4 percent in October); prices of restaurants and hotels went down by 0.3 percent (from -0.2 percent); and cost of miscellaneous goods and services decreased by 1.1 percent (from -0.8 percent). Meanwhile, prices of transport (-4.9 percent from -5 percent last month), leisure and culture (-1.9 percent from -2 percent) and furniture and household services (-2.2 percent from -3 percent) dropped at a slower pace. By contrast, prices of education increased by 1.4 percent, the same as in the previous month.

On a monthly basis, consumer prices decreased by 0.1 percent in November, following a 0.1 percent growth in the previous month, mainly due to lower prices of transport (-0.6 percent); and restaurants and hotels (-0.4 percent); while prices of leisure and culture went up by only 0.1 percent, and cost of housing and health showed no growth.

Swiss Inflation Rate Remains at Lowest Since 1959


Swiss Federal Statistical Office | Joana Ferreira | joana.ferreira@tradingeconomics.com
12/4/2015 9:54:02 AM