Switzerland's consumer prices dropped 0.5 percent from the previous month in July 2019, 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, due to falling prices for clothing and footwear amid seasonal sales, as well as lower cost for international package holidays and air transport. In contrast, prices for heating oil and berries increased. Inflation Rate Mom in Switzerland averaged 0.19 percent from 1950 until 2019, reaching an all time high of 2.10 percent in November of 1973 and a record low of -1.05 percent in July of 2004.
Inflation Rate Mom in Switzerland is expected to be 0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Switzerland to stand at 0.20 in 12 months time. In the long-term, the Switzerland Inflation Rate MoM is projected to trend around -0.20 percent in 2020, according to our econometric models.