Switzerland Inflation March 2019

Switzerland

Switzerland: Inflation edges up in March

April 2, 2019

Consumer prices increased a sharp 0.5% over the previous month in March, up from the 0.4% rise registered in February. The increase was the strongest month-on-month rise in five years and was largely the result of skyrocketing clothing and footwear, and recreation and culture prices. Moreover, prices for transport; restaurants and hotels; and communications also rose modestly in March. On the other hand, lower costs of alcoholic beverages and tobacco, and food and non-alcoholic beverages partially offset the rise.

Inflation inched up to 0.7% in March from 0.6% in February. Meanwhile, annual average inflation was stable at 0.9% for the fourth consecutive month in March.

Against this backdrop, panelists polled by FocusEconomics expect inflation to remain relatively muted over the medium-term and see inflation averaging 0.7% in 2019, which is unchanged from last month’s forecast, and averaging 0.9% in 2020.


Author:, Economist

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Switzerland Inflation Chart


Switzerland Inflation March 2019 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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