Navigation

Skiplink Navigation

Main Features

Consumer index shows deflation is still a risk

Consumer prices in Switzerland rose for the first time in ten months in December, according to the Federal Statistics Office.

Figures published on Thursday show that the consumer price index rose 0.3 per cent compared with a year ago but was 0.2 per cent lower than for November.

Average inflation for 2009 was -0.5 per cent, dipping into negative territory for the first time in 50 years.

“It shows that inflationary pressures are very limited, to say the least,” commented analyst Jan Poser at Bank Sarasin. “Actually there are still deflationary risks.”

“We need to see a sustained recovery. Whether we will get this is the big question for 2010,” he added.

The Swiss National Bank has cautioned that economic recovery in Switzerland remains weak.

swissinfo.ch and agencies


Links

Neuer Inhalt

Horizontal Line


subscription form

Form for signing up for free newsletter.

Sign up for our free newsletters and get the top stories delivered to your inbox.







Click here to see more newsletters

swissinfo EN

The following content is sourced from external partners. We cannot guarantee that it is suitable for the visually or hearing impaired.

Join us on Facebook!

×