Swiss Inflation Rises To 1.4%, Highest In 4 Months
Switzerland's consumer price inflation increased more-than-expected in April to the highest level in four months, the Federal Statistical Office reported Thursday.
The consumer price index, or CPI, climbed 1.4 percent year-over-year in April, after a 1.0 percent gain in March. Economists had expected inflation to rise slightly to 1.1 percent.
However, inflation remained within the central bank's target range of 0-2 percent.
Prices for food and non-alcoholic beverages grew 1.0 percent annually in April, reversing a 0.4 percent fall in the previous month. Costs for housing and utilities were 3.3 percent higher.
On a monthly basis, consumer prices climbed 0.3 percent after remaining flat in March.
Separate official data showed that retail sales dropped 0.1 percent annually in March, reversing a 0.2 percent gain in the prior month. Sales of both non-food and food products declined 0.6 percent in March from last year.
Monthly, retail sales fell 0.4 percent in March, in contrast to a 0.1 percent increase in February.
Economic News
Reprinted from RTTNews，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.