Financial News: Swiss Inflation Slows To 0.4%, Lowest Since April

Swiss Inflation Slows To 0.4%, Lowest Since April 2021

02/13/2025 - 03:31:00 (RTTNews)

(RTTNews) - Switzerland's consumer price inflation eased for the second straight month in January to the lowest level in nearly four years, the Federal Statistical Office reported Thursday.

The consumer price index rose 0.4 percent on a yearly basis in January, as expected, following a 0.6 percent rise in the previous month.

Further, this was the weakest inflation rate since April 2021, when prices had risen 0.3 percent.

The slowdown in inflation was largely driven by the continued fall in costs for food and non-alcoholic beverages, with the deflation deepening to 1.1 percent from 0.9 percent.

Prices for clothing and footwear dropped 0.1 percent, and transport charges were 0.8 percent cheaper compared to last year. The annual price growth in housing and energy eased to 1.6 percent from 3.4, which had also curbed the rise in inflation.

Meanwhile, core inflation that excludes unprocessed food and energy rose to 0.9 percent from 0.7 percent.

On a monthly basis, consumer prices dropped at a stable rate of 0.1 percent in January due to several factors, including lower prices for electricity and supplementary accommodation. This was the fifth successive fall in a row.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Producer Prices Rise Slightly More Than Expected In January (40 min(s), 36 sec(s) ago)
(RTTNews) - Following yesterday's hotter than expected consumer price inflation data, the Labo ...Full Story»

U.S. Weekly Jobless Claims Dip Slightly More Than Expected (46 min(s), 36 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits fell by slightly more than expected i ...Full Story»

UK Economy Unexpectedly Returns To Growth (52 min(s), 36 sec(s) ago)
(RTTNews) - The U.K. economy logged a surprise expansion in the fourth quarter of 2024, but the mi ...Full Story»

Brazil Retail Sales Fall 0.1% (01 hr(s), 18 min(s), 36 sec(s) ago)
(RTTNews) - Brazil's retail sales decreased unexpectedly at the end of the year, though slight ...Full Story»

Hungary Industrial Production Falls As Estimated (02 hr(s), 34 min(s), 36 sec(s) ago)
(RTTNews) - Hungary's industrial production declined at the steepest pace in five months as in ...Full Story»

UK Housing Market Likely To Pick Up Later This Year: RICS (02 hr(s), 55 min(s), 36 sec(s) ago)
(RTTNews) - The UK housing market is set to pick up later this year despite demand and sales remai ...Full Story»

Turkey Current Account Deficit Widens (03 hr(s), 33 min(s), 36 sec(s) ago)
(RTTNews) - Turkey's current account deficit increased notably in the final month of 2024 from ...Full Story»

Eurozone Industrial Output Falls More Than Expected (03 hr(s), 52 min(s), 36 sec(s) ago)
(RTTNews) - Eurozone industrial production registered a bigger-than-expected decline in December o ...Full Story»