Switzerland's annual inflation rate came in at 0.6 percent in February 2019, unchanged from the previous month's 11-month low and matching market expectations. Transport inflation softened and health costs continued to decline while housing and food prices increased at a faster pace. Inflation Rate in Switzerland averaged 2.40 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.

Inflation Rate in Switzerland is expected to be 0.50 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 1.20 percent in 2020, according to our econometric models.

Switzerland Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-04 08:15 AM Inflation Rate YoY 0.9% 1.1% 1.0% 1.1%
2019-01-09 07:30 AM Inflation Rate YoY 0.7% 0.9% 0.8% 1%
2019-02-11 07:30 AM Inflation Rate YoY 0.6% 0.7% 0.6% 0.9%
2019-03-05 07:30 AM Inflation Rate YoY 0.6% 0.6% 0.6% 0.6%
2019-04-02 06:30 AM Inflation Rate YoY 0.6% 0.5%
2019-05-03 06:30 AM Inflation Rate YoY 0.5%
2019-06-03 06:30 AM Inflation Rate YoY 0.4%



Swiss Inflation Rate Unchanged at 11-Month Low

Switzerland's annual inflation rate came in at 0.6 percent in February 2019, unchanged from the previous month's 11-month low and matching market expectations.

Year-on-year, prices rose at slower pace for both transportation (0.7 percent vs 1.3 percent in January) and restaurants and hotels (0.4 percent vs 0.7 percent), while deflation was recorded for health (-0.1 percent vs -0.2 percent) and recreation and culture (-0.2 percent vs unchanged). By contrast, inflation picked up for housing and energy (0.7 percent vs 0.3 percent); food and non-alcoholic beverages (1.5 percent vs 0.8 percent) and miscellaneous goods and services (0.4 percent vs 0.3 percent).
 
Annual core inflation, which strips out volatile price components like food, beverages, tobacco, seasonal products, energy and fuel, edged down to 0.4 percent in February from 0.5 percent in the prior month.
 
On a monthly basis, consumer prices rose 0.4 percent in February, reversing a 0.3 percent drop in January and matching market consensus, mainly due to the increase in air fares as well as prices for international package tours. On the other hand, hotel nights' prices fell.


Swiss Federal Statistical Office | Chusnul Ch Manan | chusnul@tradingeconomics.com
3/5/2019 11:39:00 AM


News

Swiss Inflation Rate Falls to 11-Month Low
Switzerland's annual inflation rate edged down to 0.6 percent in January 2019 from 0.7 percent in the previous month, in line with market expectations. It was the lowest inflation rate since February, as prices of housing, transportation, and food rose at a softer pace while healthcare costs continued to decline.
Published on 2019-02-11

Swiss Inflation Rate Falls to 10-Month Low in December
Switzerland's annual inflation rate eased to 0.7 percent in December 2018 from 0.9 percent in the previous month, missing market expectations of 0.8 percent. It was the lowest rate since February, as prices of housing and transportation rose at a slower pace while healthcare costs continued to fall.
Published on 2019-01-09

Swiss Annual Inflation Rate at 7-Month Low in November
The annual inflation rate in Switzerland fell to 0.9 percent in November of 2018 from 1.1 percent in the previous month and below market expectations of 1.0 percent. It was the lowest inflation rate since April, mainly due to a slowdown in prices of food and non-alcoholic beverages and transport.
Published on 2018-12-04

Swiss Annual Inflation Rate Rises to 1.1% in October
The annual inflation rate in Switzerland rose to 1.1 percent in October of 2018 from 1.0 percent in the previous month and in line with market expectations. Prices increased faster mainly due to cost of food and non-alcoholic beverages and housing and energy.
Published on 2018-11-01



Switzerland Prices Last Previous Highest Lowest Unit
Inflation Rate 0.60 0.60 11.92 -1.40 percent [+]
Inflation Rate Mom 0.40 -0.30 2.10 -1.05 percent [+]
Consumer Price Index CPI 101.66 101.26 103.56 21.17 Index Points [+]
Core Consumer Prices 100.73 100.31 102.68 94.88 Index Points [+]
Core Inflation Rate 0.40 0.50 1.90 -1.20 percent [+]
GDP Deflator 98.90 98.70 100.50 54.40 Index Points [+]
Producer Prices 101.90 101.70 106.30 52.97 Index Points [+]
Producer Prices Change -0.70 -0.50 18.66 -6.80 percent [+]
Export Prices 99.20 99.50 112.10 97.80 Index Points [+]
Import Prices 105.25 104.28 137.40 74.64 Index Points [+]
Food Inflation 1.50 0.80 6.81 -4.58 percent [+]
Inflation Expectations 0.78 0.68 1.28 -1.33 percent [+]
Harmonised Consumer Prices 100.63 101.24 102.40 96.50 Index Points [+]
Cpi Housing Utilities 103.49 103.26 104.05 49.97 Index Points [+]
CPI Transportation 103.44 102.18 113.89 65.74 Index Points [+]


Switzerland Inflation Rate

In Switzerland, the most important categories in the consumer price index are: Housing and Electricity (25 percent of the total weight) and health care (15 percent). Transport accounts for 11 percent; food and non-alcoholic beverages for 11 percent; restaurants and hotels for 9 percent; and recreation and culture for 9 percent. The index also includes: Miscellaneous goods and services (6 percent); household equipment and maintenance (4 percent); clothing and footwear (4 percent). Communication, Alcoholic Beverages and Tobacco and Education account for the remaining 7 percent of total weight. This page provides - Switzerland Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Switzerland Inflation Rate - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.60 11.92 -1.40 1956 - 2019 percent Monthly




Country Last Previous
Argentina 50.70 Feb/19
Australia 1.80 Dec/18
Brazil 3.89 Feb/19
Canada 1.50 Feb/19
China 1.50 Feb/19
Euro Area 1.50 Feb/19
France 1.30 Feb/19
Germany 1.50 Feb/19
India 2.57 Feb/19
Indonesia 2.57 Feb/19
Italy 1.00 Feb/19
Japan 0.20 Feb/19
Mexico 3.94 Feb/19
Netherlands 2.60 Feb/19
Russia 5.20 Feb/19
Saudi Arabia -2.20 Feb/19
Singapore 0.40 Jan/19
South Africa 4.10 Feb/19
South Korea 0.50 Feb/19
Spain 1.10 Feb/19
Switzerland 0.60 Feb/19
Turkey 19.67 Feb/19
United Kingdom 1.90 Feb/19
United States 1.50 Feb/19


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