ZURICH, April 9 (Reuters) - Swiss consumer prices fell 0.6
percent from a year ago and were 0.2 percent higher compared
with the previous month, the Federal Statistics Office said on
DAVID MARMET, ZUERCHER KANTONALBANK
'The story in my view is that prices for imported goods are
still falling, despite the Swiss National Bank's defense of the
1.20 floor. This helps the SNB maintain their monetary policy,
and I see no signs of it changing. We believe the SNB will
maintain the cap well into 2014.'
ALESSANDRO BEE, SARASIN
'The Swiss National Bank can sit back and relax with data
like these. Their argument that as long as the danger of price
deflation exists, the 1.20 franc cap is needed.'
March Feb March
'13 '13 '12
Pct change m/m 0.2 0.3 0.6
Pct change y/y -0.6 -0.3 -1.0
Index (DEC 2010 = 99.1 98.9 99.7
Core infl. 1* y/y -0.6 -0.4 -1.2
Core infl. 2* y/y -0.7 -0.5 -1.6
KEY POINTS FROM THE SURVEY
*'The rise of 0.2 percent in March is primarily due to
higher prices for the new clothes and shoes rang after the
sales. However, less was paid for heating oil.'
*'Prices for domestic goods rose by 0.1 percent and those
for imported goods by 0.6 percent. Compared with a year ago,
prices for domestic goods also rose by 0.1 percent, while those
for imported goods showed a fall of 2.4 percent.'
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Keywords: SWISS ECONOMY/CPI
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