Neuchatel, Switzerland (GenevaLunch) – Inflation in Switzerland reached its lowest point in 50 years which according to experts leaves the Confederation at risk for potential deflation.
Switzerland’s Federal Statistical Office announced the consumer price index or CPI rose 0.3% from a year ago after recording zero growth in November. The December growth was the first year-on-year increase since February. Economists had forecast a 0.5% increase for December.
In 2009 the price for Swiss products grew an average of 1.2% but dropped 4.7% for imports.
In 2008 the annual inflation rate was 2.4%, the highest in the last five years.