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- Swiss consumer price index fell by 0.3% in January
Swiss consumer price index fell by 0.3% in January
According to the report from Federal Statistical Office (FSO), the consumer price index (CPI) fell by 0.3% in January 2019 compared with the previous month, reaching 101.3 points (December 2015 = 100). Inflation was 0.6% compared with the same month of the previous year.
The decrease of 0.3% compared with the previous month can be explained by several factors including falling prices for clothing and footwear due to seasonal sales. The prices of heating oil also declined, along with prices for medicines. In contrast, prices for hotel accommodation and for electricity increased.
In January 2019, the Swiss Harmonised Index of Consumer Prices (HICP) stood at 100.63 points (base 2015=100). This corresponds to a rate of change of ?0.6% compared with the previous month and of +0.7% compared with the same month the previous year.
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