Swiss Inflation Rate Down to -0.6% in March


The Swiss Consumer Price Index calculated by the Federal Statistical Office registered an annual decrease of 0.6 percent in March 2013. Compared with the previous month, the inflation rate was 0.2 percent. In March of 2012, the inflation rate was -1.0 percent.

The decline in the national index, in March, of 0.6 percent was mainly due to the fall in household equipment and routine household maintenance (-3.3 percent) and communications (-2.6 percent). Major downward pressures came also from: transportation (-1.2 percent), health (-1.0 percent) and fuels (-0.7 percent).

The biggest upward pressures came from: education (+1.5 percent), food and non-alcoholic beverages (+0.8 percent), restaurants and hotels (+0.6 percent) and recreation and culture (+0.3 percent).
 
Core inflation (which excludes more volatile components like food and beverages, seasonal products, energy and fuel) fell 0.6 percent in March. 

BFS | Nuno Fontes | nuno@tradingeconomics.com
4/9/2013 2:43:03 PM