Swiss Inflation Rate Rises in February

Swiss inflation picked up in February to 0.5% on the back of higher rents and the cost of energy and fuel.

Consumer prices rose 0.4 percent compared with January, taking the annual inflation rate in February to 0.5 percent, the Federal Statistics Office said.

Swiss inflation remains low by international standards as the strong franc dampens price increases for imported oil and food products, giving the Swiss National Bank leeway to hold rates unchanged at its March 17 meeting.

But the franc jumped on Wednesday's data as they boosted expectations that the SNB may raise borrowing costs in June.

Swiss Inflation Rate Rises in February, Reuters
3/9/2011 1:41:04 PM