Switzerland: Consumer prices dip in annual terms in February
March 4, 2020
Consumer prices rose 0.1% over the prior month in February, contrasting January’s 0.2% decline. A sharp rise in prices of clothing and footwear; household goods and services; and transport underpinned the headline reading.
Conversely, consumer prices fell 0.1% year-on-year in February, down from the 0.2% increase in January, whereas core consumer prices rose 0.2% in February, matching January’s figure. Looking ahead, inflation is likely to remain anemic due to the strong franc—particularly as the coronavirus outbreak has sparked a flight-to-safety effect—and subdued domestic economic momentum.
Author: Lindsey Ice, Economist