by On 1 April 2022, Switzerland’s Federal Statistical Office published March inflation data, which show prices 2.4% higher than one year ago. © Bigpressphoto | Dreamstime.comSwitzerland’s consumer price index (CPI) increased by 0.6% in March 2022 compared with the previous month. Inflation was +2.4% compared with the same month of the previous year. Swiss prices were driven higher by rising energy costs, which fed through into the cost of heating, transport – air transport in particular, and imported durable goods. At the same time, the prices of some items fell. Alcoholic beverages, tobacco, healthcare, restaurant prices and hotel prices all fell slightly. Inflation was driven largely by imported goods. Over the month, the price of imported goods leapt by 2% compared to a 0.1%
Topics:
Investec considers the following as important: Business & Economy, Editor's Choice, Inflation Switzerland, Personal finance
This could be interesting, too:
Investec writes Swiss inflation falls further in January
Investec writes Catching ski pass cheats – reactions, fines and worse
Investec writes Swiss milk producers demand 1 franc a litre
Investec writes Swiss income taxes at highest level since 2008
On 1 April 2022, Switzerland’s Federal Statistical Office published March inflation data, which show prices 2.4% higher than one year ago.
Switzerland’s consumer price index (CPI) increased by 0.6% in March 2022 compared with the previous month. Inflation was +2.4% compared with the same month of the previous year.
Swiss prices were driven higher by rising energy costs, which fed through into the cost of heating, transport – air transport in particular, and imported durable goods.
At the same time, the prices of some items fell. Alcoholic beverages, tobacco, healthcare, restaurant prices and hotel prices all fell slightly.
Inflation was driven largely by imported goods. Over the month, the price of imported goods leapt by 2% compared to a 0.1% rise in domestically produced goods. Year-on-year, the prices of imported goods were 5.5% higher, compared to a 1.4% rise in the price of domestically produced goods.
A rising Swiss franc, which has moved from around 1.08 francs to around 1.02 per Euro over the last 6 months, has helped to dampen the degree to which Switzerland has imported inflation from the rest of the world.
More on this:
FSO press release (in French) – Take a 5 minute French test now
For more stories like this on Switzerland follow us on Facebook and Twitter.