Consumer prices in Switzerland fell 0.5 percent year-on-year in January of 2021, the 12th consecutive month of deflation and compared to forecasts of a 0.6 percent drop. Main downward pressure came from cost of housing and energy (-0.3 percent), healthcare (-0.2 percent), food and non-alcoholic beverages (-0.3 percent) and transport (-1.4 percent). On a monthly basis, prices edged up 0.1 percent, the first increase since March last year, due to several factors including rising prices for hotel accommodation, fuel, second-hand cars. In contrast, prices for air transport and clothing and footwear decreased, the latter due to seasonal sales. source: Swiss Federal Statistical Office
Inflation Rate in Switzerland averaged 2.32 percent from 1956 until 2021, reaching an all time high of 11.92 percent in December of 1973 and a record low of -1.40 percent in August of 2015. This page provides - Switzerland Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Switzerland Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Inflation Rate in Switzerland is expected to be -0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Switzerland to stand at 0.20 in 12 months time. In the long-term, the Switzerland Inflation Rate is projected to trend around 0.50 percent in 2022, according to our econometric models.