Swiss Inflation Rate Stable at 0.1% in January


In January of 2014, Switzerland’s annual inflation rate was recorded at 0.1 percent for the third straight month. On a monthly basis, prices fell for the second month in a row by 0.3 percent, as cost of imported products declined 1.3 percent.

Year-on-year, education cost rose the most (2 percent), followed by housing and energy prices (1.4 percent), restaurants and hotels (1.2 percent) and food (1.1 percent). In contrast, downward pressures came from communication cost (-2.6 percent), clothing and footwear (-2.4 percent), transport (-1.3 percent), miscellaneous goods and services (-1.0 percent) and health (-0.9 percent). 

From December 2013 to January 2014, prices fell 0.3 percent, after falling 0.23 percent in the previous period. The decline was mainly due to lower clothing sales (prices fell 9.3 percent), lower prices of package holidays and reductions in private health insurance premiums. Price increases were recorded for overnight stays in hotels, energy and food. 

Swiss Inflation Rate Stable at 0.1% in January


BFS | Joana Taborda | joana.taborda@tradingeconomics.com
2/12/2014 8:52:58 AM