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Housing, energy costs drive up inflation in Switzerland

Consumer prices in Switzerland rose by 0.3% year-on-year in March, driven primarily by housing costs, says the Federal Statistical Office. Inflation had previously peaked at 0.1% in both January and February. +Get the most important news from Switzerland in your inbox Accounting for a good quarter of household expenditure, housing and energy costs rose by 1.3%, the Statistical Office indicated in a report published on Thursday. Healthcare and transportation, by contrast, recorded falls of 0.2% and 0.8%, with respective weightings of 17% and 11%. Excluding rent, which rose by 1.4%, inflation would have been zero, according to the Federal Statistical Office. + Rising rents are heavy burden on many Swiss households On a month-on-month basis, the consumer price index rose by 0.2%. The cost of petroleum products rose by more than 10%, but account for only 2.1% of the expenditure taken into account by federal statisticians. The rise remains modest compared with the forecasts of ... Full story here Are you the author?
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