Switzerland Inflation March 2017


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).

The Central Bank projects that prices will increase 0.3% in 2017 and 0.4% in 2018. Panelists polled by FocusEconomics expect inflation of 0.5% in 2017, which is up 0.1 percentage points 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 March 2017

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

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