Consumer prices increased 3.4% in February from a year earlier, the Federal Statistical Office reported on Monday. This raises the possibility that the Swiss National Bank will raise interest rates this month.
This content was published on
1 minute
Keystone-SDA/Reuters/sb
Italiano
it
L’inflazione svizzera aumenta a causa di tariffe aeree, affitti e benzina
Consumer prices were up from 3.3% in January and well above the Swiss National Bank (SNB) target range for price stability, defined as between 0-2%.
Prices rose 0.7% month-on-month due to various factors, the FSO said.
“These include rising prices for air transport, package holidays and supplementary accommodation. Housing rentals also recorded a price increase, as did petrol,” it said.
The central bank is due to announce its policy decision on March 23, with the market seeing a 91% probability of a 50 basis point increase from the current level of 1%, especially following recent weakening of the Swiss franc, which has helped limit price rises from costlier imports.
As a Swiss Abroad, how do you feel about the emergence of more conservative family policies in some US states?
In recent years several US states have adopted more conservative policies on family issues, abortion and education. As a Swiss citizen living there, how do you view this development?
Swiss parliament calls for deeper EU security cooperation
This content was published on
The House of Representatives has called on the Swiss government to take a more proactive approach to European security policy.
Switzerland has no US-style fentanyl problem, says health minister
This content was published on
There is very little chance of a US-sized fentanyl epidemic in Switzerland, says health minister Elisabeth Baume-Schneider.
This content was published on
Two fish species recently discovered in Switzerland have been called fluvicola and ommata, following an appeal to the public for names.
Convicted ex-shipowner achieves partial success in Swiss court
This content was published on
The Federal Supreme Court orders lower court to reassess part of its verdict against former Swiss shipowner Hans-Jürg Grunder.
This content was published on
A Swiss moratorium on the genetic engineering of plants, which expires at the end of 2025, could be extended for five years.
SWISS airline achieves second-best profit in history
This content was published on
Revenues soared for Swiss International Air Lines in 2024, contributing to the second-largest profit in the company's history.
Swiss central bank hikes interest rate to counter ‘spread of inflation’
This content was published on
The Swiss National Bank (SNB) increased its benchmark interest rate on Thursday for the third time this year, taking it to 1%.
Economiesuisse expects slow growth and low inflation
This content was published on
Inflation in Switzerland in 2023 is expected to remain above the central banks target range, according to economiesuisse.
Too soon to say inflation has peaked, says SNB boss
This content was published on
The president of the Swiss National Bank (SNB) says the inflation outlook is more uncertain than normal and it is premature to say prices have peaked.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.