Switzerland Inflation February 2016

Switzerland

Switzerland: Consumer prices decrease in February

March 10, 2016

In February, consumer prices increased 0.2% over the previous month, which contrasted the previous month’s 0.4% decrease and marked the fastest rise in nine months. February’s result came mainly on the back of higher prices for food and non-alcoholic beverages.

In annual terms, consumer prices fell 0.8% in February, which was above January’s 1.3% decrease. Inflation is still well below the Central Bank’s target of 2.0%.

The Central Bank expects consumer prices to record an annual drop of 0.55% in 2016. Panelists polled by FocusEconomics expect consumer prices to fall 1.1% in 2016, which is unchanged from last month’s forecast. For 2017, panelists expect inflation of 0.2%.


Author:, Senior Economist

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Switzerland Inflation Chart


Switzerland Inflation February 2016 0

Note: Month-on-month changes and annual variation of consumer price index (CPI) in %.
Source: Swiss Federal Statistics Office (BFS).


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