Switzerland's consumer prices declined 1.3 percent from a year earlier in May 2020, the steepest fall since January 2016 and in line with market expectations. There were decreases in prices of housing & utilities (-0.4 percent vs -0.2 percent in April), health (-0.7 percent vs -0.8 percent), transport (-6.1 percent vs -4.8 percent), recreation & culture (-4.3 percent vs -4.5 percent), clothing & footwear (-0.3 percent vs -0.6 percent). Meanwhile, restaurants & hotels inflation was steady at 0.1 percent. Conversely, prices of food & non-alcoholic beverages rose faster (0.4 percent vs 0.3 percent). Core consumer prices, which strip out volatile price components like fresh and seasonal products, energy and fuels dropped 0.6 percent, the most since January 2016. On a monthly basis, consumer prices were flat in May, compared to market consensus of a 0.1 percent gain.
Inflation Rate in Switzerland averaged 2.35 percent from 1956 until 2020, 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 June of 2020.
Inflation Rate in Switzerland is expected to be -1.60 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 0.50 in 12 months time. In the long-term, the Switzerland Inflation Rate is projected to trend around 0.80 percent in 2021 and 1.20 percent in 2022, according to our econometric models.