Swiss CPI rose 0.5% mom 0.7% yoy in March, above expectation of 0.4% mom, 0.5% yoy. The annually rate also accelerated from 0.6% yoy in February. But it’s well off cyclical peak of 1.2% yoy made in mid-2018.
The FSD noted that the increase in CPI could be explained by several factors, including “rising prices for international package holidays and for air transport”. Meanwhile, “prices for fruiting vegetables and berries decreased.
