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- Swiss consumer price index rose slightly in January
Swiss consumer price index rose slightly in January
According to the report from the Federal Statistical Office, the consumer price index (CPI) increased by 0.1% in January 2021 compared with the previous month, reaching 100.1 points (December 2020 = 100). The index was expected to remain unchanged. Inflation was –0.5% compared with the same month of the previous year. Economists had expected a 0.6% decrease.
The 0.1% increase compared with the previous month is due to several factors including rising prices for hotel accommodation. Fuel also recorded a price increase, as did second-hand cars. In contrast, prices for air transport and clothing and footwear decreased, the latter due to seasonal sales.
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