Swiss Inflation Up +0.6 percent against 2016, +0.5 percent against last month

Summary:
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. Year on year inflation was 0.6% (+0.5% against the previous month). 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, ) 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.

Topics:
George Dorgan considers the following as important: Featured, newslettersent, Swiss Macro, Switzerland Consumer Price Index, Switzerland inflation

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