Swiss Consumer Price Index in January 2023: +3.3 percent YoY, +0.6 percent MoM

Summary:
The consumer price index (CPI) increased by 0.6% in January 2023 compared with the previous month, reaching 105.0 points (December 2020 = 100). Inflation was +3.3% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO).The 0.6% increase compared with the previous month is due to several factors including rising prices for electricity and gas. Hotel accommodation also recorded a price increase, as did bread and coffee. In contrast, prices for air transport and petroleum products decreased as well as for clothing and footwear, the latter due to seasonal sales. Switzerland Consumer Price Index (CPI) YoY, January 2023(see more posts on Switzerland Consumer Price Index, ) Source: investing.com - Click to

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