Inflation drops surprisingly in March
Published: Thursday, Apr 4th 2024, 09:40
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Surprisingly, inflation in Switzerland continued to fall in March. The last time inflation was lower was in September 2021.
Specifically, inflation fell to 1.0% in the month under review from 1.2% in February, as reported by the Federal Statistical Office (FSO) on Thursday. This means that Swiss consumer goods were 1.0% more expensive in March than in the same month last year.
The decline is a surprise. Economists surveyed by AWP had estimated annual inflation of between 1.2 and 1.5 percent.
Die Inflation war bereits im Januar und Februar gesunken. Die Inflation in der Schweiz erreichte im Sommer 2022 mit 3,5% ihren Höhepunkt. Im Juni 2023 fiel sie dann zum ersten Mal seit Januar 2022 unter die Marke von 2%.
Core inflation also declining
Core inflation, which excludes volatile energy and fuel prices, also fell in March. It fell from 1.1 percent to 1.0 percent.
Inflation for domestic goods amounted to 1.8%, slightly below the previous month's figure. In the area of foreign goods, inflation was -1.3% and therefore well below the previous month's figure.
Among the individual product groups, residential rents stand out, having risen by 2.8% year-on-year. Oil products, on the other hand, have become cheaper.
Travel more expensive, cars cheaper
Derweil blieb der nationale Verbraucherpreisindex (VPI) im März gegenüber dem Vormonat unverändert bei 107,1 Punkten. Den Daten zufolge war die Preisstabilität im Vergleich zum Vormonat das Ergebnis gegenläufiger Entwicklungen, die sich insgesamt ausglichen.
Prices for package tours abroad and air travel rose, as did those for clothing and shoes. Prices for the para-hotel industry and cars, on the other hand, have fallen, as has the rental of private transportation, according to the FSO.
Auf dem derzeitigen Niveau bleibt die Inflation in Deutschland moderat, auch im Vergleich zu anderen Ländern. In der Eurozone zum Beispiel lag sie im März bei 2,4 Prozent.
©Keystone/SDA
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