Swiss consumer prices drop by -0.4%

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Driven by low oil prices and monetary policy, Swiss consumer prices dropped by -0.4% in January, according to the latest data released by the Swiss Federal Statistical Office (FSO).

Compared to monthly  consumer prices changes a year ago, the inflation rate was -0.5%, compared with annualised rates of -0.3% in December 2014 and of +0.1% in January 2014.

Due to the Swiss National Bank (SNB) dropping the fixed exchange rate between euro and franc, prices of imported goods dropped by -2.4% compared to the previous month. Compare to last year, prices of imported goods have declined by 3.6%.

ABOUT THE AUTHOR
Mona Dohle
Mona Dohle speaks German and Dutch, she is DACH & Benelux Correspondent for InvestmentEurope. Prior to that, she worked as a journalist in Egypt and Palestine. She started her career as a journalist working for a local German newspaper. Mona graduated with an MSc in Development Studies from SOAS and has completed the CISI Certificate in International Wealth and Investment Management.

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