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.


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Switzerland Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.20 -0.10 11.92 -1.40 1956 - 2019 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-10-02 06:30 AM Sep 0.1% 0.3% 0.3% 0.3%
2019-11-01 07:30 AM Oct -0.3% 0.1% 0% 0.1%
2019-12-03 07:30 AM Nov -0.1% -0.3% -0.1% -0.2%
2020-01-07 07:30 AM Dec 0.2% -0.1% 0% 0.0%
2020-02-10 07:30 AM Jan 0.2% 0.5%


News Stream
2019-12-03
Swiss Consumer Prices Fall for 2nd Month
Switzerland's consumer prices inched lower 0.1 percent year-on-year in November 2019, after a 0.3 percent fall in the previous month and in line with market expectations. It was the second straight month of deflation, as food, health and transport prices continued to drop, while housing costs were flat.

2019-11-01
Switzerland Posts 1st Month of Deflation in 3 Years
Switzerland's consumer prices declined 0.3 percent year-on-year in October 2019, after a 0.1 percent rise in the previous month, missing market expectations of a flat reading. It was the first month of deflation since November 2016, as housing prices fell, while both transport and food prices decreased faster, and health prices continued to drop.

2019-10-02
Swiss Inflation Rate at Over 2-1/2 Year-Low
Switzerland's annual inflation rate declined to 0.1 percent in September 2019 from 0.3 percent in the previous month, lower than market expectations of 0.3 percent. It was the lowest inflation since December 2016, well below the central bank's target of just below 2 percent as the franc surged to 2-year high against the Euro in the beginning of the month. Both transport and food prices fell, while housing inflation was steady, and health prices continued to drop.

2019-09-03
Swiss Inflation Rate Holds Steady at 2-Year Low
Switzerland's annual inflation was unchanged at 0.3 percent in August 2019, the lowest since July 2017 and in line with market expectations. A slowdown in housing inflation was offset by a rebound in food prices. In addition, restaurants and hotels cost rose at a faster pace while healthcare deepened. Annual core inflation, which strips out volatile price components like fresh and seasonal products, energy and fuels, stood at 0.4 percent in August, unchanged from the previous month's five-month low. On a monthly basis, consumer prices were flat in August, after decreasing by 0.5 percent in July and compared to market consensus of a 0.1 percent fall.

2019-08-02
Swiss Inflation Rate Slows to 2-Year Low
Switzerland's annual inflation fell to 0.3 percent in July 2019, the lowest since July 2017, from 0.6 percent in the previous month and below market expectations of 0.5 percent. Transport and restaurant & hotels inflation rates slowed while food and health prices fell. Annual core inflation, which strips out volatile price components like food, beverages, tobacco, seasonal products, energy and fuel, declined to 0.4 percent, the lowest since February. On a monthly basis, consumer prices dropped 0.5 percent in July, after being unchanged in June and compared to market consensus of a 0.3 percent fall. This was the biggest monthly decline in consumer prices since July 2015.

2019-07-04
Swiss Inflation Rate Unchanged at 0.6%
Switzerland's annual inflation stood at 0.6 percent in June 2019, unchanged from the previous month's three-month low and slightly above market expectations of 0.5 percent. Cost of transport, housing, food, and health rose at softer pace, while restaurants and hotels inflation accelerated. Annual core inflation, which strips out volatile price components like food, beverages, tobacco, seasonal products, energy and fuel, edged up to 0.7 percent in June, the highest since December 2017.


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.

Switzerland Prices Last Previous Highest Lowest Unit
Inflation Rate 0.20 -0.10 11.92 -1.40 percent [+]
Inflation Rate Mom 0.00 -0.10 2.10 -1.05 percent [+]
Consumer Price Index CPI 101.69 101.66 103.56 21.17 points [+]
Core Consumer Prices 101.07 101.03 102.68 94.88 points [+]
Core Inflation Rate 0.40 0.40 1.90 -1.20 percent [+]
GDP Deflator 98.40 98.50 100.50 54.40 points [+]
Producer Prices 100.72 100.54 106.30 52.97 points [+]
Producer Prices Change -1.70 -2.50 18.66 -6.80 percent [+]
Export Prices 98.00 98.00 112.10 97.80 points [+]
Import Prices 102.77 102.21 137.29 74.64 points [+]
Food Inflation -0.70 -1.20 6.81 -4.58 percent [+]
Inflation Expectations 0.45 0.39 1.28 -1.33 percent [+]
Cpi Housing Utilities 104.04 104.02 104.05 49.97 points [+]
CPI Transportation 102.32 102.52 113.89 65.74 points [+]
Harmonised Consumer Prices 101.17 100.92 102.40 96.50 points [+]