Swiss consumer prices dropped for the sixth straight month in April at a faster-than-expected pace, figures from the Federal Statistical Office showed Friday.
The consumer price index fell 1.1 percent year-over-year in April, faster than previous month’s 0.9 percent decrease. Economists had expected prices to decline at a stable pace of 0.9 percent.
The latest fall in the CPI was the worst since June 2012, when it dropped the same. Consumer prices have fallen in every month since September, except October, when they were flat.
On a monthly basis, consumer prices edged down 0.2 percent in April, in contrast to a 0.3 percent increase in the preceding month.
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