Switzerland Inflation Rate Unchanged at -0.3 Percent in February

The Swiss Consumer Price Index calculated by the Federal Statistical Office registered an decrease of 0.3 percent in February 2013 0.3 percent, compared with annualised rates of also -0.3 percent in January 2013 and of -0.9% in February 2012. Compared to the previous month, the inflation rate was +0.3 percent.

The decline in the national index in February of 2013 of 0.3 percent was mainly due to the fall in communications (-2.4 percent) and household equipment and routine household maintenance (-2.2 percent). Major downward pressures came also from: clothing (-13.4 percent), electronical devices (-10.3 percent) and recreation & culture (-0.2 percent).

The biggest upward pressures came from: alcoholic beverages and tobacco (+0.9 percent), restaurants and hotels (+0.6 percent), food and non-alcoholic beverages (+0.5 percent) and transport (+0.4 percent).

BFS | Nuno Fontes | nuno@tradingeconomics.com
3/8/2013 10:27:27 AM