Swiss consumer price index fell by 0.3% in December 2018 compared with the previous month

Market news

9 January 2019

Swiss consumer price index fell by 0.3% in December 2018 compared with the previous month

The consumer price index (CPI) fell by 0.3% in December 2018 compared with the previous month, reaching 101.5 points (December 2015 = 100). Inflation was 0.7% compared with the same month of the previous year. The average annual inflation reached 0.9% in 2018. These are the results of the Federal Statistical Office (FSO).

The 0.3% decrease in the CPI compared with the previous month can be explained by several factors including falling prices for heating oil and fuel. In contrast, prices for overnight stays in hotels and new cars increased.

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