Comparing the most recent statistics on Swiss consumer inflation to those in 1993 reveals a steep drop in the percentage of spending allocated to food. When statisticians calculate consumer price rises they look at the prices of a standard basket of goods. In 1993, food and non-alcoholic beverages made up 14.3% of the value of […]
Swiss National Bank announcement pushes franc higher
Brought to you by Investec Switzerland. The Swiss National Bank (SNB) announced today that it is maintaining its expansionary monetary policy. The target range for three-month Libor remains unchanged at between –1.25% and –0.25%, and the interest rate on sight deposits with the SNB stays the same at –0.75%. The announcement pushed the franc as high […]
Swiss prices continue to fall in July
Switzerland is becoming accustomed to deflation. The Swiss consumer price index fell by 0.6% in July 2015 and the index is now 1.3% lower than in July 2014 and at its lowest level since October 2007. July 2015 deflation was largely driven by the falling price of imports – driven by a strong Swiss franc, […]
