Switzerland's consumer price inflation rate stood at 0.6 percent year-on-year in June 2021, unchanged from the previous month's near two-year high and slightly below market expectations of 0.7 percent, reflecting a low base year due to the pandemic and a recovery in domestic demand following the easing of restrictions. Main upward pressure came from housing and utilities (1.4 percent vs 1.3 percent in May), transport (4.7 percent vs 4.0 percent), and restaurants and hotels (1.6 percent, the same as in May). Meanwhile, miscellaneous goods and services cost rose at a softer pace (0.2 percent vs 0.4 percent), while prices continued to fall for health (-0.3 percent, the same as in May), food and non-alcoholic beverages (-2.8 percent vs -2.1 percent), and recreation and culture (-0.9 percent vs -1.1 percent). On a monthly basis, consumer prices edged up 0.1 percent in June, following a 0.3 percent gain in May. source: Swiss Federal Statistical Office

Inflation Rate in Switzerland averaged 2.30 percent from 1956 until 2021, 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 July of 2021.

Inflation Rate in Switzerland is expected to be 1.00 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 0.40 in 12 months time. In the long-term, the Switzerland Inflation Rate is projected to trend around 0.50 percent in 2022 and 0.70 percent in 2023, according to our econometric models.

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Switzerland Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.60 11.92 -1.40 1956 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-04-01 06:30 AM Mar -0.2% -0.5% -0.3% -0.3%
2021-05-05 06:30 AM Apr 0.3% -0.2% 0.3% 0.5%
2021-06-07 06:30 AM May 0.6% 0.3% 0.6% 0.6%
2021-07-01 06:30 AM Jun 0.6% 0.6% 0.7% 0.7%
2021-08-02 06:30 AM Jul 0.6% 1%
2021-09-02 06:30 AM Aug
2021-10-04 06:30 AM Sep
2021-11-02 07:30 AM Oct


News Stream
Swiss Inflation Rate Holds Steady at Near 2-Year High
Switzerland's consumer price inflation rate stood at 0.6 percent year-on-year in June 2021, unchanged from the previous month's near two-year high and slightly below market expectations of 0.7 percent, reflecting a low base year due to the pandemic and a recovery in domestic demand following the easing of restrictions. Main upward pressure came from housing and utilities (1.4 percent vs 1.3 percent in May), transport (4.7 percent vs 4.0 percent), and restaurants and hotels (1.6 percent, the same as in May). Meanwhile, miscellaneous goods and services cost rose at a softer pace (0.2 percent vs 0.4 percent), while prices continued to fall for health (-0.3 percent, the same as in May), food and non-alcoholic beverages (-2.8 percent vs -2.1 percent), and recreation and culture (-0.9 percent vs -1.1 percent). On a monthly basis, consumer prices edged up 0.1 percent in June, following a 0.3 percent gain in May.
2021-07-01
Swiss Inflation Rate Rises to Near 2-Year High
Switzerland's consumer price inflation rate picked up to 0.6 percent year-on-year in May 2021, the highest since June 2019, as the economic recovery from the coronavirus crisis gathered pace. Main upward pressure came from housing and utilities (1.3 percent vs 0.9 percent in April), transport (4.0 percent vs 2.8 percent), restaurants and hotels (1.6 percent vs 1.2 percent), and miscellaneous goods and services (0.4 percent vs 0.0 percent). On the other hand, cost continued to fall for health (-0.3 percent, the same as in April), food and non-alcoholic beverages (-2.1 percent vs -2.0 percent), and recreation and culture (-1.1 percent vs -0.8 percent). On a monthly basis, consumer prices rose 0.3 percent in May, following a 0.2 percent gain in April.
2021-06-07
Swiss Consumer Prices Rise for 1st Time in 15 Months
Switzerland's consumer price inflation rate rose to 0.3 percent year-on-year in April 2021, ending a 14-month period of price deflation and matching market expectations. Main upward pressure came from housing and utilities (0.9 percent), transportation (2.8 percent) and restaurants and hotels (1.2 percent), while cost for miscellaneous goods and services was unchanged. On the other hand, prices declined for health (-0.3 percent), food and non-alcoholic beverages (-2.0 percent), and recreation and culture (-0.8 percent). On a monthly basis, consumer prices rose 0.2 percent in April, following a 0.3 percent gain in March.
2021-05-05
Switzerland Deflation Softens
Consumer prices in Switzerland were down 0.2 percent year-on-year in March of 2021, compared to forecasts of a 0.3 percent drop. It is the lowest deflation rate since February of 2020. Prices of recreation and culture (-1.9 percent), food and non-alcoholic beverages (-1.5 percent), clothing and footwear (-1.1 percent) and communication (-1.1 percent) recorded the biggest decreases. On a monthly basis, consumer prices increased 0.3 percent due to rising prices for clothing and footwear amid the end of the seasonal sales. Heating oil also recorded a price increase, as did fuel. In contrast, prices for fruiting vegetables and pasta decreased.
2021-04-01

Switzerland Inflation Rate
In Switzerland, the most important categories in the consumer price index are: Housing and energy (27 percent of the total weight) and Healthcare (18 percent). Transport accounts for 10 percent; Food and non-alcoholic beverages for 12 percent; Restaurants and hotels for 7 percent; and Recreation and culture for 7 percent. The index also includes: Miscellaneous goods and services (6 percent); Household goods and services (4 percent); and Clothing and footwear (3 percent). Communication, Alcoholic Beverages and Tobacco and Education account for the remaining 6 percent of total weight.