Switzerland's annual inflation rate came in at 0.7 percent in April 2019, unchanged from the previous month and in line with market expectations. Health and housing prices increased at softer pace while transport inflation accelerated. Inflation Rate in Switzerland averaged 2.39 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 0.30 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 0.60 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
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 0.7% 0.6% 0.6% 0.5%
2019-05-03 06:30 AM Inflation Rate YoY 0.7% 0.7% 0.7% 0.6%
2019-06-03 06:30 AM Inflation Rate YoY 0.7% 0.6%
2019-07-04 06:30 AM Inflation Rate YoY 0.3%
2019-08-02 06:30 AM Inflation Rate YoY 0.2%



Swiss April Inflation Rate Matches Estimates

Switzerland's annual inflation rate came in at 0.7 percent in April 2019, unchanged from the previous month and in line with market expectations. Health and housing prices increased at softer pace while transport inflation accelerated.

Health prices, which account for 15 percent of the CPI, rose 0.2 percent in April, the second straight month of annual gain, following a 0.3 percent increase in the previous month. Also, inflation slowed for housing and energy (0.6 percent vs 0.8 percent) while prices fell for both recreation and culture (-0.2 percent vs 0.2 percent) and miscellaneous goods and services (-0.4 percent vs 0.3 percent). On the other hand, prices increased faster for: transportation (1.4 percent vs 1.3 percent); restaurants and hotels (0.9 percent vs 0.5 percent); and food and non-alcoholic beverages (1.2 percent vs 1.0 percent).
 
Annual core inflation, which strips out volatile price components like food, beverages, tobacco, seasonal products, energy and fuel, stood at 0.5 percent in April, the same as in the prior month.
 
On a monthly basis, consumer prices went up 0.2 percent in April, following a 0.5 percent increase in March and matching market consensus, mainly due to higher prices for fuel and air transport. On the other hand, prices for hotel accommodation, glasses and contact lenses fell.


Swiss Federal Statistical Office | Chusnul Ch Manan | chusnul@tradingeconomics.com
5/3/2019 11:14:08 AM



Switzerland Prices Last Previous Highest Lowest Unit
Inflation Rate 0.70 0.70 11.92 -1.40 percent [+]
Inflation Rate Mom 0.20 0.50 2.10 -1.05 percent [+]
Consumer Price Index CPI 102.39 102.20 103.56 21.17 Index Points [+]
Core Consumer Prices 101.53 101.28 102.68 94.88 Index Points [+]
Core Inflation Rate 0.50 0.50 1.90 -1.20 percent [+]
GDP Deflator 98.90 98.70 100.50 54.40 Index Points [+]
Producer Prices 102.20 102.16 106.30 52.97 Index Points [+]
Producer Prices Change -0.60 -0.20 18.66 -6.80 percent [+]
Export Prices 99.40 99.30 112.10 97.80 Index Points [+]
Import Prices 105.99 105.97 137.40 74.64 Index Points [+]
Food Inflation 1.20 1.00 6.81 -4.58 percent [+]
Inflation Expectations 0.78 0.68 1.28 -1.33 percent [+]
Harmonised Consumer Prices 101.85 101.23 102.40 96.50 Index Points [+]
Cpi Housing Utilities 103.56 103.60 104.05 49.97 Index Points [+]
CPI Transportation 105.55 104.44 113.89 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.70 11.92 -1.40 1956 - 2019 percent Monthly




Country Last Previous
Argentina 55.80 Apr/19
Australia 1.30 Mar/19
Brazil 4.94 Apr/19
Canada 2.00 Apr/19
China 2.50 Apr/19
Euro Area 1.70 Apr/19
France 1.30 Apr/19
Germany 2.00 Apr/19
India 2.92 Apr/19
Indonesia 2.83 Apr/19
Italy 1.10 Apr/19
Japan 0.90 Apr/19
Mexico 4.41 Apr/19
Netherlands 2.90 Apr/19
Russia 5.20 Apr/19
Saudi Arabia -1.90 Apr/19
Singapore 0.80 Apr/19
South Africa 4.40 Apr/19
South Korea 0.60 Apr/19
Spain 1.50 Apr/19
Switzerland 0.70 Apr/19
Turkey 19.50 Apr/19
United Kingdom 2.10 Apr/19
United States 2.00 Apr/19


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