Inflation in Switzerland
Switzerland - Inflation
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.
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.
Switzerland - Inflation Data
|Inflation Rate (CPI, annual variation in %)||-0.2||0.0||-1.1||-0.4||0.5|
5 years of economic forecasts for more than 30 economic indicators.
Switzerland Inflation Chart
Source: Swiss Federal Statistics Office (BFS) and FocusEconomics calculations.
|Bond Yield||-0.41||6.27 %||Mar 20|
|Exchange Rate||0.99||-0.54 %||Mar 20|
|Stock Market||9,463||-0.82 %||Mar 20|
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March 21, 2019
At its meeting on 21 March, the Swiss National Bank (SNB) confirmed it would continue maintaining its current expansionary policy stance into 2019.
March 5, 2019
Consumer prices climbed 0.4% over the previous month in February, contrasting the 0.3% decline logged in January.
March 1, 2019
According to the Swiss Federal Statistics Office, calendar-adjusted real retail sales fell 0.4% over the same month of the prior year in January, descending from December’s revised 0.2% dip (previously reported: -0.3% year-on-year).
March 1, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by Credit Suisse and procure.ch rose to 55.4 points in February from 54.3 points in January, coming in a hair above the index’s long-term average of 55.0 points.
February 28, 2019
The KOF economic barometer—a leading composite indicator for the Swiss economy forecasting a six-month period—fell to 92.4 points in February from a revised 96.2 points in January (previously reported: 95.0 points).