Swiss CPI rose 0.4% mom in March, above expectation of 0.3% mom. Annual rate rose to 0.8% yoy, up from 0.6% yoy in February and beat expectation of 0.7% yoy.
Swiss Federal Statistical Office (FSO) noted that “various factors contributed to the 0.4% rise compared with the previous month, such as an increase in the price of international package holidays, air transport and hotel accommodation. However, prices fell for medicines and fuel.”
