Switzerland: Inflation remains unchanged in January
Latest reading: Consumer prices rose 0.1% in annual terms in January, unchanged from the prior month’s reading.
Relative to the prior month’s figures, there were higher price pressures for housing and energy (+0.8% on a year-on-year basis vs +0.4% in December) and food and non-alcoholic beverages (-0.4% vs -0.8% in December). In contrast, there were milder price pressures for transportation (-2.0% vs -1.4% in December) and restaurants and hotels (-0.4% vs +1.1% in December).
Meanwhile, core consumer prices increased 0.7% on a year-on-year basis in January, following a 0.5% rise in the previous month.
Lastly, consumer prices were down 0.04% in January on a month-on-month basis, following a 0.01% fall in the prior month.