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Swiss Consumer Price Index in February 2016: -0.8 percent against 2015, +0.2 percent against last month

08.03.2016 09:15  – FSO, Prices (0353-1602-40)

Swiss Consumer Price Index in February 2016

Consumer prices increase by 0.2% m/m and 0.8% y/y

Neuchâtel, 08.03.2016 (FSO) – The Swiss Consumer Price Index (CPI) increased by 0.2% in February 2016 compared with the previous month, reaching 99.8 points (December 2015=100 points). Inflation was -0.8% in comparison with the same month in the previous year. These are the findings of the Federal Statistical Office (FSO).

Indizes und Veranderungsraten im Februar 2016


You can find the complete text of the press release in German, in French:


A quick wrap-up of the major components and their y/y change:

1) Goods (39%) are down 1.9% against the previous year. Of those energy driven products (3% of the basket) are down 10.3%.
2) Services (61%) are down 0.1% against the previous year. A major part of services are the rents (18%) with a rise of 0.2%. Rents have risen far less than real estate prices.

The producer price index remains in heavy contraction by 5.3% y/y against the previous year, mostly thanks to cheaper imported goods. However producers and importers do give all the gains back to the consumers. Consumer prices for goods fell by only 1.9% y/y.

Real retail sales were up 0.2% y/y, core retail sales (real)  +0.6% y/y.




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Swiss Statistics
The Swiss Federal Statistics Office publishes information on the situation and developments in Switzerland in a multitude of fields and plays a part in enabling comparisons at an internal level.
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