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Swiss Consumer Price Index in February 2020: -0.1 percent YoY, +0.1 percent MoM

 

04.03.2020 – The consumer price index (CPI) increased by 0.1% in February 2020 compared with the previous month, reaching 101.6 points (December 2015 = 100). Inflation was –0.1% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO).
The 0.1% increase compared with the previous month can be explained by several factors including rising prices for air transport. International package holidays also recorded an increase, as did clothing and footwear due to the end of the seasonal sales. In contrast, prices for heating oil and hotel accommodation decreased.

Switzerland Consumer Price Index (CPI) YoY, February 2020

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Switzerland Consumer Price Index (CPI) YoY, February 2020

Source: investing.com - Click to enlarge

Harmonised Index of Consumer Prices (HICP)

In February 2020, the Swiss Harmonised Index of Consumer Prices (HICP) stood at 100.70 points (base 2015=100). This corresponds to a rate of change of –0.1% compared with the previous month and of –0.2% compared with the same month the previous year.

The HICP is a supplementary indicator for inflation based on a harmonised method across EU member countries. It enables inflation in Switzerland to be compared with that of European countries. The European Statistical Office, Eurostat, publishes the results according to a predefined calendar. The FSO publishes a comparison between inflation in Switzerland and Europe on the webpage www.ipch.bfs.admin.ch. A methodological note, the 2020 weighting of the Swiss standard HICP basket and the FSO News publication on the HICP are also available on this page. Eurostat will publish the HICP indices for other European countries for February 2020 on 18 March 2020. You will find the HICP results on the Eurostat website at the following address: https://ec.europa.eu/eurostat/web/hicp

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Download press release: Consumer prices increased by 0.1% in February

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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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