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Swiss Consumer Price Index in February 2017: Up +0.6 percent against 2016, +0.5 percent against last month

The Swiss National Bank will have difficulties to weaken the Swiss Franc, because she is obliged to maintain her mandate, the avoidance of inflation. Already in January 2015, she gave up, because continuing interventions – at the excessively high euro rate of 1.20 – could have endangered her inflation mandate.

Therefore we expect that EUR/CHF moves towards parity, for more read here.

 

Neuchâtel, 08.03.2017 (FSO) – The consumer price index (IPC) increased by 0.5% in February 2017 compared with the previous month, reaching 100.4 points (December 2015=100). Inflation was 0.6% compared with the same month the previous year.

Food prices are up 1.8%, expenditures for rent and heating up 1.5%, transport costs went up by 2.4%. These three categories make a big part of the consumer basket of poorer people.  Given that the SNB has stopped the appreciation of the franc, imported goods are 1.6% more expensive than last year.

Switzerland Consumer Price Index (CPI) YoY, February 2017

(see more posts on Switzerland Consumer Price Index, )
Switzerland Consumer Price Index (CPI) YoY, February 2017

Source: Investing.com - Click to enlarge

Download press release Swiss Consumer Price Index in February 2017

 

German text: Landesindex der Konsumentenpreise im Februar 2017

Landesindex der Konsumentenpreise im Februar 2017

Die Konsumentenpreise steigen um 0,5 Prozent

Neuchâtel, 08.03.2017 (BFS) – Der Landesindex der Konsumentenpreise (LIK) nahm im Februar 2017 im Vergleich zum Vormonat um 0,5 Prozent zu und belief sich auf 100,4 Punkte (Dezember 2015=100). Die Teuerung gegenüber dem entsprechenden Vorjahresmonat betrug 0,6 Prozent. Dies geht aus den Zahlen des Bundesamts für Statistik (BFS) hervor.

Für die Zunahme um 0,5 Prozent im Vergleich zum Vormonat sind mehrere Faktoren verantwortlich. Die Preise für den Luftverkehr sowie für Gemüse sind stark angestiegen. Ebenfalls eine Preiserhöhung registrierten die Pauschalreisen ins Ausland. Die Preise für Heizöl, Kaffee und Beeren sind hingegen gesunken.

Hauptergebnisse February 2017

 

 

Indizes und Veranderungsraten im February 2017

 

Full story here
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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