Swiss Inflation Rate Highest Since June 2011


Swiss consumer prices increased by 0.6 percent year-on-year in February 2017, following a 0.3 percent gain in the previous month. It was the highest inflation rate since June 2011, mainly due to rising prices of transportation, food and clothing. On a monthly basis, consumer prices went up 0.5 percent after showing no growth in January and beating market expectations of a 0.2 percent gain.

Compared with February 2016, transport prices rose by 2.4 percent after increasing by 1.3 percent in January, as cost of fuel and energy jumped 9.5 percent (from 8.1 percent in January); cost of food and non-alcoholic beverages grew 1.8 percent, accelerating from a 0.9 percent gain in the previous month; and cost of clothing and footwear advanced 1.1 percent, recovering from a 0.7 percent drop in the previous month. Additional upward pressure came from: Housing and utilities (1.5 percent from 1.6 percent in January); and recreation and culture (0.4 percent from 0.2 percent). By contrast, prices of health continued to decline (-0.7 percent from -0.6 percent in January).

On a monthly basis, consumer prices went up 0.5 percent after showing no growth in January and beating market expectations of a 0.2 percent gain, due to higher prices of clothing and footwear (3.9 percent), transport (1.2 percent) and food and non-alcoholic beverages (1.3 percent).

Swiss Federal Statistical Office | Joana Ferreira | joana.ferreira@tradingeconomics.com
3/8/2017 8:42:11 AM