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The highest annual inflation for ten years

The consumer prices have tightened in the past year, after they had already turned in the previous year, again in the positive range. It is the strongest increa

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The highest annual inflation for ten years

The consumer prices have tightened in the past year, after they had already turned in the previous year, again in the positive range. It is the strongest increase since ten years resulted. Experts for the current year, but already of a lower inflation.

The average annual inflation amounted to 0.9 percent, as the Federal office for statistics (BFS) announced on Wednesday. Later than 2018, the average inflation rate was most recently in 2008 with a plus of 2.4 percent.

The BFS justified the increase in the last year, with the increase in apartment rents, as well as the average for the year, higher prices for petroleum products. The prices for imported goods increased by a significant 2.4 percent, while those of domestic products rose by only 0.4 percent.

The average year-on-year 2018 corresponds to the rate of change between the year 2018 and the year 2017. The annual average is calculated as the arithmetic average of the twelve monthly indices of the calendar year.

the more Expensive Euro

in 2017, had the average annual inflation stood at 0.5 percent. In the years before that, starting in 2012, the inflation rate was mainly decreasing. This was not least a consequence of the Frank, which imports massively discounted. Especially after the abolition of the minimum Euro limit set by the SNB, the inflation rate was minus 1.1 percent.

Although the Euro since its High of almost 1.20 francs last spring, steadily cheaper: on average In the year 2018, the Euro was a good 1,1550 Swiss francs, or almost 4 percent more than the year before.

Before that, the Swiss franc had appreciated since the 2015 year means for the community currency. And the value of the dollar has changed in 2018, compared with the previous year.

new cars cost more

In December 2018, the annual inflation came in at 0.7 percent. Compared to the previous month, the national consumer price index (CPI) decreased by 0.3 percent. The values were at the bottom of the expectations.

The fall in inflation at year-end is due according to the BFS on various factors, including the lower prices for heating oil and fuels. Rose, however, the prices for hotel stays and new cars.

Oil prices dampen inflation, 2019

In the current year, Economists expect a somewhat lower inflation. So, the state Secretariat for economic Affairs (Seco) and the Swiss national Bank (SNB) as an example of plus 0.5 percent, and the KOF taps plus 0.6 percent.

The reason is that Oil currently costs more than a year ago; since the fall of the prices but are in the descent. (anf/sda)

Created: 09.01.2019, 11:13 PM

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