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March Swiss Inflation Up 0.2% MoM, Down -0.6% YoY

Swiss inflation edged up 0.2% MoM in March when seasonal effects on clothes and footware were corrected.

According to Swiss Statistics, on a year basis, the CPI fell by 0.6%. Major reasons were the falling energy prices, reflected in -1.2% YoY in transportation and -0.7% in the category “housing and housing energy”. The difference between the Eurozone CPI and the Swiss one increased for the first time since the floor introduction. One reason is that Swiss energy prices are taxed less, therefore changes in prime materials cause higher volatility. Both inflation for services and goods of Swiss origin are over 0%. Deflationary pressures are still exercised by imported goods, but with time these will be worn out when the FX rate in longer-term import contracts are modified.

Read more on the drivers of Swiss inflation.

 

swiss cpi eurozone march 2013 switzerland

Swiss CPI still 2.3 lower than Eurozone CPI in March 2013

 

George Dorgan
George Dorgan (penname) predicted the end of the EUR/CHF peg at the CFA Society and at many occasions on SeekingAlpha.com and on this blog. Several Swiss and international financial advisors support the site. These firms aim to deliver independent advice from the often misleading mainstream of banks and asset managers. George is FinTech entrepreneur, financial author and alternative economist. He speak seven languages fluently.
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Permanent link to this article: https://snbchf.com/2013/04/swiss-inflation-up-0-2-mom-down-0-6-yoy/

1 comment

  1. George Dorgan
    George Dorgan

    No issue, just provide credit.

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