Switzerland Inflation February 2017

Switzerland

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).

The Central Bank projects that prices will increase 0.1% in 2017 and 0.5% in 2018. Panelists polled by FocusEconomics expect inflation 0.4% in 2017, which is unchanged from last month’s forecast. For 2018, panelists expect inflation of 0.7%.


Author: Marlène Rump, Senior Data Analyst

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Switzerland Inflation Chart


Switzerland Inflation February 2017 1

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


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