Switzerland Inflation February 2018

Switzerland

Switzerland: Inflation ticks down to six-month low in February

March 6, 2018

Consumer prices rose 0.4% on a monthly basis in February, following a revised 0.1% decline (previously reported: +0.0% month-on-month) in January. February’s reading was driven largely by higher airfare and package vacation prices, as well as higher clothing and footwear prices following the end of seasonal clearance sales. On the other hand, fuel prices fell in the month.

Inflation eased to 0.6% in February, down from 0.7% in January. Meanwhile, annual average inflation was stable from a month earlier at 0.6%, which was again 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 February 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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