Switzerland: Inflation inches down in March
April 6, 2017
Consumer prices in Switzerland climbed 0.2% from the previous month in March, which was below February’s 0.5% but matched market analysts’ forecasts. The figure was the result of higher prices for clothing items outstripping decreases for food and energy-related product prices.
Inflation came in at 0.6% in March, mirroring February’s result. March’s figure surprised market experts who had expected a 0.5% reading. This was the third consecutive month with inflation after over two years of negative annual consumer price changes. The annual average variation in consumer prices registered minus 0.1% in March (February: -0.2% year-on-year).