Swiss inflation rises due to air fares, rents and petrol
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.
This content was published on
Switzerland remains by a large margin the European champion of train travel, both in terms of the number of journeys per person and the number of kilometres travelled. Switzerland remains by a large margin the European champion of train travel, both in terms of the number of journeys per person and the number of kilometres travelled. Switzerland remains by a large margin the European champion of train travel, both in terms of the number of journeys per person and the number of kilometres travelled.
Swiss price watchdog slams excessive prices for generic medicines
This content was published on
The cheapest generic medicines available in Switzerland are more than twice as expensive as in other countries, according to a study by the Swiss price watchdog.
Nature should not figure in net zero calculations: academic study
This content was published on
The natural removal of CO2 from the atmosphere by forests or oceans should not be included in the net-zero balance of climate protection measures, argue researchers.
This content was published on
None of the 15 major Swiss retail banks is meeting international climate and biodiversity targets, according to a ranking by WWF Switzerland.
This content was published on
Nestlé's new CEO Laurent Freixe, has presented plans for the future of the world's largest food company, after his first few weeks in office.
Swiss foreign minister calls on Moscow to end Ukraine war
This content was published on
It's high time Moscow ended its war against Ukraine, Swiss foreign minister Ignazio Cassis tells the UN Security Council.
This content was published on
The only alternative to the UN Palestinian agency’s work in Gaza is to allow Israel to run services there, Philippe Lazzarini, UNRWA Commissioner-General, told reporters in Geneva on Monday.
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.