Switzerland's consumer prices declined 1.1 percent from a year earlier in April 2020, the steepest fall since January 2016 and compared to market expectations of a 0.8 percent drop. There were decreases in prices of housing & utilities (-0.2 percent vs -0.1 percent in March), health (-0.8 percent, the same as in March), transport (-4.8 percent vs -2.1 percent), recreation & culture (-4.5 percent vs -3.2 percent), clothing & footwear (-0.6 percent vs 1.3 percent). In addition, inflation slowed for restaurants & hotels (0.1 percent vs 0.2 percent). By contrast, prices of food & non-alcoholic beverages rebounded (0.3 percent vs -0.3 percent). Core consumer prices, which strip out volatile price components like fresh and seasonal products, energy and fuels went down 0.5 percent, the most since March 2016. On a monthly basis, consumer prices dropped 0.4 percent in April, compared to market consensus of a 0.1 percent fall.

Inflation Rate in Switzerland averaged 2.35 percent from 1956 until 2020, 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. Switzerland Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020.

Inflation Rate in Switzerland is expected to be -1.60 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 0.80 percent in 2021 and 1.20 percent in 2022, according to our econometric models.

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Switzerland Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-1.10 -0.50 11.92 -1.40 1956 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-02-10 07:30 AM Jan 0.2% 0.2% 0.1% 0.3%
2020-03-04 07:30 AM Feb -0.1% 0.2% 0.1% 0.1%
2020-04-02 06:30 AM Mar -0.5% -0.1% -0.5% -0.4%
2020-05-05 06:30 AM Apr -1.1% -0.5% -0.8% -1.0%
2020-06-04 06:30 AM May -1.1% -1.3% -1.4%
2020-07-02 06:30 AM Jun -1.6%
2020-08-03 06:30 AM Jul
2020-09-03 06:30 AM Aug


News Stream
Swiss Consumer Prices Fall the Most Since 2016
Switzerland's consumer prices declined 1.1 percent from a year earlier in April 2020, the steepest fall since January 2016 and compared to market expectations of a 0.8 percent drop. There were decreases in prices of housing & utilities (-0.2 percent vs -0.1 percent in March), health (-0.8 percent, the same as in March), transport (-4.8 percent vs -2.1 percent), recreation & culture (-4.5 percent vs -3.2 percent), clothing & footwear (-0.6 percent vs 1.3 percent). In addition, inflation slowed for restaurants & hotels (0.1 percent vs 0.2 percent). By contrast, prices of food & non-alcoholic beverages rebounded (0.3 percent vs -0.3 percent). Core consumer prices, which strip out volatile price components like fresh and seasonal products, energy and fuels went down 0.5 percent, the most since March 2016. On a monthly basis, consumer prices dropped 0.4 percent in April, compared to market consensus of a 0.1 percent fall.
2020-05-05
Switzerland Consumer Prices Fall for 2nd Month
Switzerland's consumer prices declined 0.5% yoy in March 2020, after a 0.1 percent drop in the previous month, and matching market expectations. It was the second straight month of decline and the steepest fall since March 2016, as prices dropped for housing & utilities (-0.1% vs 0.3% in February); food & non-alcoholic beverages (-0.3% vs -1.3%); transport (-2.1% vs -0.3%); recreation & culture (-3.2% vs -1.1%) and health (-0.8% vs 0.8%). In addition, prices rose less for restaurants & hotels (0.2% vs 0.9%) and clothing & footwear (1.3% vs 2.4%). Annual core consumer prices, which strips out volatile price components like food, beverages, tobacco, seasonal products, energy and fuel, edged down 0.1%, the first decrease since February 2017, after increasing by 0.2% in February. On a monthly basis, consumer prices inched up 0.1% in March, in line with market consensus.
2020-04-02
Switzerland Consumer Prices Edge Down 0.1% in February
Switzerland's consumer prices edged down 0.1 percent year-on-year in February 2020, down from a four-month high of a 0.2 percent rise in the previous month, and missing market expectations of a 0.1 percent gain. It was the first decrease in consumer prices since November last year, as prices fell for: transport (-0.3 pct vs 0.1 pct in January); health (-0.8 pct vs -0.8 pct); food & non-alcoholic beverages (-1.3 pct vs -1.0 pct); and recreation & culture (-1.1 pct vs -0.4 pct). In addition, prices rose softer for: housing & utilities (0.3 pct vs 0.7 pct) and restaurants & hotels (0.9 pct vs 1.2 pct), while clothing & footwear inflation was steady (at 2.4 pct). Annual core inflation, which strips out volatile price components like food, beverages, tobacco, seasonal products, energy and fuel, stood at 0.2 percent in February, unchanged from January. On a monthly basis, consumer prices inched higher 0.1 percent in February, below market consensus 0.2 percent gain.
2020-03-04
Swiss Inflation Rate Holds Steady at 4-Month High
Switzerland's consumer price inflation stood at 0.2 percent year-on-year in January 2020, unchanged from the previous month's four-month high and slightly above market expectations of 0.1 percent. Upward pressure came from: housing & utilities (0.7 percent vs 0.6 percent in December); clothing & footwear (2.4 percent vs 1.3 percent); restaurants & hotels (1.2 percent vs 0.6 percent); transport (0.1 percent vs -0.5 percent). On the other hand, prices fell for health (-0.8 percent vs -0.6 percent); food & non-alcoholic beverages (-1.0 percent vs -0.7 percent); and recreation & culture (-0.4 percent vs 0.1 percent). Annual core inflation, which strips out volatile price components like food, beverages, tobacco, seasonal products, energy and fuel, fell to 0.2 percent in January from 0.4 percent in December. On a monthly basis, consumer prices went down 0.2 percent in January, in line with consensus.
2020-02-10

Switzerland Inflation Rate
In Switzerland, the most important categories in the consumer price index are: Housing and energy (25 percent of the total weight) and Healthcare (16 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 8 percent. The index also includes: Miscellaneous goods and services (6 percent); Household goods and services (4 percent); Clothing and footwear (3 percent). Communication, Alcoholic Beverages and Tobacco and Education account for the remaining 7 percent of total weight.