Switzerland: Inflation remains subdued in February
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.