Switzerland's annual core inflation, which strips out volatile price components like food, beverages, tobacco, seasonal products, energy and fuel, declined to 0.4 percent in July 2019, the lowest since February, from 0.7 percent in the prior month. Core Inflation Rate in Switzerland averaged 0.32 percent from 2001 until 2019, reaching an all time high of 1.90 percent in September of 2008 and a record low of -1.20 percent in December of 2011.
Core Inflation Rate in Switzerland is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in Switzerland to stand at 0.80 in 12 months time. In the long-term, the Switzerland Core Inflation Rate is projected to trend around 1.00 percent in 2020, according to our econometric models.