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