Swiss Consumer prices increased by 0.2 % in March 2023

Neuchâtel, 03.04.2023

The consumer price index (CPI) increased by 0.2% in March 2023 compared with the previous month, reaching 106.0 points (December 2020 = 100). Inflation was +2.9 % compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO).

The 0.2% increase compared with the previous month is due to several factors including rising prices for air transport, package holidays and new cars. Fruiting vegetables also recorded a price increase, as did clothing and footwear due to the end of the seasonal sales. In contrast, prices for supplementary accommodation decreased as did those for heating oil and berries.