Switzerland Inflation February 2020


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.

FocusEconomics Consensus Forecast panelists expect inflation to average 0.3% in 2020, which is unchanged from last month’s forecast. For 2021, panelists pencil in average inflation of 0.7%.

Author:, Economist

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Switzerland Inflation Chart

Switzerland Inflation February 20 20

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

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