Swiss сonsumer prices increased by 0.2% in February

According to the report from the Federal Statistical Office (FSO), the consumer price index (CPI) increased by 0.2% in February 2021 compared with the previous month, reaching 100.2 points (December 2020 = 100). Inflation was –0.5% compared with the same month of the previous year. 

The 0.2% increase compared with the previous month can be explained by several factors including rising prices for clothing and footwear due to the end of the seasonal sales. Housing rentals also recorded a price increase, as did fuel. In contrast, prices for berries and medical products decreased

In January 2021, the Swiss Harmonised Index of Consumer Prices (HICP) stood at 100.24 points (base 2015=100). This corresponds to a rate of change of 0.0% compared with the previous month and of –0.6% compared with the same month the previous year.

In February 2021, the Swiss Harmonised Index of Consumer Prices (HICP) stood at 100.32 points (base 2015 = 100). This corresponds to a rate of change of +0.1% compared with the previous month and of 0.4% compared with the same month the previous year. Due to the effects of the pandemic, the same missing price imputation techniques used for the CPI were introduced for the HICP.