Switzerland Inflation January 2018

Switzerland

Switzerland: Inflation inches down to 0.7% in January

February 12, 2018

Consumer prices fell 0.1% on a monthly basis in January, following a flat month-on-month reading in December. January’s reading was driven largely by lower prices for outpatient medical services, as well as by steep discounts in the air transport and clothing and footwear categories.

Inflation softened to 0.7% in January, down from 0.8% in December. Despite ticking down in January on a slower rise in fuel prices, inflation has been supported in recent months by higher prices at the pump and rising rent. Moreover, annual average inflation increased slightly from 0.5% in December to 0.6% in January, the highest level in nearly seven years.

Panelists polled by FocusEconomics expect inflation to average 0.7% in 2018, which is unchanged from last month’s forecast. For 2019, panelists expect inflation to average 0.9%.


Author:, Economist

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Switzerland Inflation Chart


Switzerland Inflation January 2018

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


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