Skip to content
Sign In Subscribe
Economy — Inflation — Monetary Policy — Interest Rates — Swiss National Bank — EU

Swiss Inflation Unexpectedly Accelerates on Airfares, Rents

Swiss inflation unexpectedly accelerated last month, jumping to 3.4%, suggesting the central bank will need to continue hiking borrowing costs.

1 min read
  • Consumer prices in Switzerland increased 3.4% in February from a year earlier, due to rising prices for air transport, package holidays, rents and gasoline.
  • Core inflation, which strips out elements like energy and food, accelerated for a third month, hitting 2.4%.
  • SNB President Thomas Jordan has highlighted that underlying inflationary dynamics are 'stronger than what the SNB is prepared to tolerate.' .
Swiss Inflation Unexpectedly Accelerates on Airfares, Rents
Swiss inflation unexpectedly accelerated last month, suggesting the central bank will need to continue hiking borrowing costs.
BloombergBastian Benrath

More in Monetary Policy

More from Economy

Latest