Swiss Inflation Rises in March

Swiss national consumer price index calculated by the Federal Statistical Office (FSO) registered an increase of 0.6% in March 2011 and reached 100.7 points (December 2010=100). Year-on-year inflation was 1.0%, compared with annualised rates of 0.5% in February 2011 and 1.4% in March 2010.

The Federal Statistics Office said the increase was largely due to higher prices for clothes and shoes after seasonal sales ended -- up 8.5 percent compared to February -- as well as more expensive oil, which rose 4.9 percent on the month.

Core inflation, which strips out volatile price components like food or energy and fuel, jumped to 0.6 percent in March from 0.1 percent the previous month.

Swiss Inflation Rises in March, Federal Statistical Office
4/6/2011 12:15:49 PM