Switzerland’s consumer price inflation held steady for the second straight month in February, defying expectations for a decrease, the Federal Statistical Office reported Friday.
The consumer price index rose 0.1 percent on a yearly basis in February, the same as in the previous two months. Meanwhile, economists had expected a 0.1 percent decline.
Inflation based on housing and energy moderated from 0.8 to 0.7 percent. Meanwhile, the annual price decline in food and non-alcoholic beverages eased to 0.3 percent from 0.4 percent. Similarly, transport charges declined at a slower pace of 1.8 percent versus 2.0 percent in January.
On a monthly basis, consumer prices rose 0.6 percent, marking the quickest increase in a year, driven by higher costs for housing rentals and air transport. Economists were looking for a 0.5 percent rise.
For comments and feedback contact: editorial@rttnews.com
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
