In March, consumer prices added 0.6% over the previous months, which doubled the 0.3% increase recorded in February and overshot market expectations of a 0.4% rise. According to the statistical institute, the monthly jump reflected higher prices for clothing and footwear as well as for oil products. Despite the monthly rise, annual headline consumer prices fell from minus 0.9% in February to minus 1.0% in March, which represents the lowest level since August 2009. At the current level, annual consumer prices sit well below the Swiss National Bank's 2.0% inflation target. Inflation is likely to remain in negative territory, as a strong Swiss franc lowers the cost of imports. The Swiss National Bank predicts inflation to average minus 0.6% this year. For 2013, the Bank sees inflation rising to 0.3%.
Inflation falls to 32-month low
April 5, 2012
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Switzerland Economic News
October 6, 2016
In September, consumer prices increased 0.1% from the previous month, just under market expectations of 0.2%, in a timid rebound from August’s 0.1% decrease.
October 3, 2016
In August, retail sales contracted a seasonally- and working-day adjusted 3.0% over the same month last year.
October 3, 2016
In September, the manufacturing Purchasing Managers’ Index (PMI) produced by Credit Suisse and procure.ch came in at 53.2 points, beating August’s 51.0 points.
September 30, 2016
Switzerland’s KOF economic barometer—a leading composite indicator for the Swiss economy forecasting a six-month period—edged up from 99.7 points in August to 101.3 points in September.
September 15, 2016
At its 15 September meeting, the Swiss National Bank (SNB) decided to maintain the target range for the three-month Libor at between minus 1.25% and minus 0.25%, which met market expectations.