Consumer prices in Switzerland fell 0.6 percent year-on-year in October of 2020, extending the deflation for the 9th month but booking the smallest decline since March. Figures came in line with market expectations. Biggest declines were seen in cost of transport (-3.6 percent), recreation and culture (-1.6 percent), healthcare (-0.6 percent) and housing and energy (-0.4 percent). In contrast, main increases were recorded for restaurants and hotels (0.9 percent), food (0.8 percent), alcoholic beverages (0.8 percent) and education (0.8 percent). On a monthly basis, consumer prices were flat, the same as in the previous month. Prices for clothing and footwear increased, as well as those for glasses and contact lenses. In contrast, prices for combined offers for fixed-line and mobile communication, as well as those for other fruits (melons and grapes) decreased. source: Swiss Federal Statistical Office
Inflation Rate in Switzerland averaged 2.33 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 November of 2020.
Inflation Rate in Switzerland is expected to be -0.60 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 0.10 in 12 months time. In the long-term, the Switzerland Inflation Rate is projected to trend around 0.20 percent in 2021 and 0.50 percent in 2022, according to our econometric models.