Bern, Switzerland (GenevaLunch) – The CPI, or Consumer Price Index, fell by 0.7% in November, bringing the figure for 2008 to date to a price increase of 1.5%. In October the annual rate was 2.8%. The CPI is often used as part of salary negotiations in Switzerland.
20 Minutes reports that Economiesuisse, the business owners’ association, has lowered its projection for GDP growth in 2009 to zero.
Posted by Ellen Wallace on 3 December 2008 at 8:38, last updated on 4 December 2008 at 9:24 | permalink
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 3 December 2008.
Filed under: Society
Tags: consumer prices, consumer spending, deflation, economiesuisse, equipment investments, inflation, Swiss CPI 2008
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