Prices in Switzerland Drop 0.1% in November


Switzerland’s consumer prices fell 0.1 percent in November of 2014 after being unchanged in October of 2014.

Year-on-year, downward pressures came from health (-0.8 percent), transport (-0.8 percent), leisure and culture (-0.7 percent), other goods and services (-0.6 percent) and communications (-0.2 percent). Price increases were reported for:  food and non-alcoholic beverages (+ 0.7 percent) alcoholic beverages and tobacco (+0.7 percent), clothing and footwear (+0.7 percent), housing and energy (+ 0.6 percent) and restaurants and education (+0.3 percent).

On a monthly basis, consumer prices were unchanged from the previous month. Price were lower for transports (-0.7 percent), restaurants and hotels (-0.3 percent), food and non-alcoholic beverages (-0.2 percent) and housing and energy (-0.1 percent). In contrast, cost of alcoholic beverages and tobacco (+0.4 percent) and health (+0.4 percent) raise the most, followed by leisure and culture (+0.1 percent). In addition, prices of clothing and footwear were flat in comparison with October of 2014.

Prices in Switzerland Drop 0.1% in November


Carolina Cunha | carolina.cunha@tradingecononomics.com
12/8/2014 8:25:52 PM