Switzerland: Inflation returns for first time since August 2014
February 14, 2017
Consumer prices were unchanged from the previous month in January, which was slightly above December’s 0.1% slip and also above market expectations of a 0.1% drop. The figure was the result of a mix of price decreases for clothing and footwear and price increases for energy-related products such as transportation and heating.
In January, inflation came in at 0.4%. This marked the first time since August 2014 that the annual change in consumer prices recorded a positive value and the highest seen in over five years (December: 0.0% year-on-year). The annual average variation in consumer prices registered minus 0.3% in January (December: -0.4%).