Swiss Inflation Rate Unchanged in March

Switzerland’s annual inflation rate was recorded at 0.0 percent in March of 2014, after falling 0.1 percent in the previous month. On a monthly basis, prices recorded the highest increase in twelve months.

Year-on-year, the biggest downward pressures came from prices of clothing and footwear (-2.9 percent), transport (-1.8 percent), communication (-2.7 percent) and health (-0.9 percent). Food prices rose 1.3 percent and cost of housing and energy went up 1.2 percent. 

From February to March, the inflation rate increased 0.4 percent, mainly due to higher prices of clothing and footwear (+ 6.5 percent) as the winter sales ended. Consumers also had to pay more for food (+ 0.7 percent) and hotels and restaurants (+ 0.3 percent).

Core inflation rate, which strips out volatile prices like food, beverages, tobacco, seasonal products, energy and fuel increased by an annual 0.1 percent in March, following a 0.1 percent fall in February. 

Swiss Inflation Rate Unchanged in March

BFS | Joana Taborda |
4/7/2014 4:53:27 PM