BRUSSELS (dpa-AFX) - Switzerland's consumer price inflation accelerated less-than-expected in March to the highest level in one year, the Federal Statistical Office reported Thursday.
The consumer price index rose 0.3 percent on a yearly basis in March, faster than February's stable increase of 0.1 percent. Economists had expected a 0.5 percent increase. Moreover, a similar inflation rate was last seen in March 2025.
Inflation based on housing and energy rose to 1.3 percent from 0.5 percent. Education costs grew 2.6 percent annually in March after remaining flat in the prior month. Meanwhile, prices for food and non-alcoholic beverages dropped 0.5 percent, and those for clothing and shoes were 0.7 percent less expensive.
On a monthly basis, consumer prices edged up 0.2 percent after rising 0.6 percent in February.
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