Switzerland Inflation February 2019

Switzerland

Switzerland: Inflation remains subdued in February

March 5, 2019

Consumer prices climbed 0.4% over the previous month in February, contrasting the 0.3% decline logged in January. The increase was primarily driven by higher prices for clothing and footwear; transport; leisure and culture; and food and non-alcoholic beverages. On the other hand, lower prices for restaurant and hotels partially offset the rise.

Inflation was unchanged from January’s over one-and-a-half-year low of 0.6% in February. Meanwhile, annual average inflation was stable at 0.9% for the third consecutive month in February.

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 February 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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