Switzerland's consumer prices increased 0.2 percent year-on-year in December 2019, rebounding from a 0.1 percent fall in the previous month and defying market expectations of a flat reading. Housing prices rose, while food and transport deflation eased. Annual core inflation, which strips out volatile price components like food, beverages, tobacco, seasonal products, energy and fuel, held steady at 0.4 percent. Considering 2019 full year, the average inflation slowed to 0.4 percent from 0.9 percent in 2018. There were higher prices for housing rentals and for new cars, while costs for petroleum products and medicines decreased. Prices for domestic products increased by 0.5 percent on average, those for imported products remained stable.
Inflation Rate in Switzerland averaged 2.37 percent from 1956 until 2019, 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.
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 0.30 in 12 months time. In the long-term, the Switzerland Inflation Rate is projected to trend around 1.20 percent in 2020, according to our econometric models.