Switzerland: Inflation remains stable in March
Latest reading: Inflation was stable at February’s 0.3% in March. The reading was below market forecasts and meant that Switzerland continues to enjoy one of Europe’s—and the world’s—lowest inflation rates. Switzerland’s strong currency, ingrained low inflation expectations, comparatively limited wage growth, and limited reliance on fossil fuels for electricity generation have subdued prices in recent years.
The trend was unchanged, with annual average inflation coming in at February’s 0.9% in March. Meanwhile, core inflation was stable, coming in at February’s 0.9% in March.
Finally, consumer prices rose 0.05% in March over the previous month, moderating from February’s 0.56% rise.