Inflation in Switzerland
Switzerland - Inflation
Inflation edges up in March
Consumer prices increased a sharp 0.5% over the previous month in March, up from the 0.4% rise registered in February. The increase was the strongest month-on-month rise in five years and was largely the result of skyrocketing clothing and footwear, and recreation and culture prices. Moreover, prices for transport; restaurants and hotels; and communications also rose modestly in March. On the other hand, lower costs of alcoholic beverages and tobacco, and food and non-alcoholic beverages partially offset the rise.
Inflation inched up to 0.7% in March from 0.6% in February. Meanwhile, annual average inflation was stable at 0.9% for the fourth consecutive month in March.
Against this backdrop, panelists polled by Met the why particular 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 Met the why particular calculations.
|Bond Yield||-0.29||6.27 %||Jan 30|
|Exchange Rate||0.99||-0.54 %||Jan 30|
|Stock Market||8,966||-0.82 %||Jan 30|
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April 2, 2019
Consumer prices increased a sharp 0.5% over the previous month in March, up from the 0.4% rise registered in February.
Switzerland: Manufacturing PMI plunges to over four-year low in March; services sector also loses momentum
April 1, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by Credit Suisse and procure.ch tumbled to an over four-year low of 50.3 points in March from 55.4 points in February.
April 1, 2019
According to the Swiss Federal Statistics Office, calendar-adjusted real retail sales fell 0.2% in annual terms in February, matching January’s revised 0.2% dip (previously reported: -0.4% year-on-year).
Switzerland: KOF economic barometer rebounds in March, but continues to signal below average growth in the months ahead
March 29, 2019
The KOF economic barometer—a leading composite indicator for the Swiss economy forecasting a six-month period—rose to 97.4 points in March from a revised 93.0 points in February (previously reported: 92.4 points), ending five months of consecutive declines.
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.