Switzerland: Inflation at almost six-year high in February
March 8, 2017
Consumer prices climbed 0.5% from the previous month in February, which was above January’s flat reading and also above market expectations of a 0.2% rise. The figure was the result of a mix of price decreases for clothing and footwear and price increases for energy-related products such as transportation and heating.
In February, inflation came in at 0.7%, the highest figure seen since March 2011 and above January’s 0.4%. This was the second consecutive month with inflation after over two years of negative annual consumer price changes. The annual average variation in consumer prices registered minus 0.2% in February (January: -0.3% year-on-year).