On 18 June 2020, the Swiss National Bank (SNB) said it would maintain its negative rate of interest (-0.75%) and remains willing to intervene more strongly in the foreign exchange market. The coronavirus pandemic has led to a severe downturn in economic activity and a decline in inflation both in Switzerland and abroad. The bank […]
Another month of falling prices in Switzerland
Swiss prices fell by 0.1% in November 2019, the sixth time in 12 months. But not everything is cheaper. Prices fell in December 2018 (-0.3%), January 2019 (-0.3), July (-0.5), September (-0.1), October (-0.2%) and November 2019 (-0.1). When combined with the low inflation experienced in the other 6 months the 12-month price drop is […]
Swiss deflation continues for third month in a row
In January 2019, prices fell 0.3%. This follows monthly declines of 0.3% in both November and December 2018. Falling clothing, shoe, heating oil and medicine prices were the main drivers of the monthly price decline, which was muted by rising hotel and electricity prices. By the end of January 2019, Swiss consumer prices, based on […]
