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. source: Swiss Federal Statistical Office
Inflation Rate in Switzerland averaged 2.31 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 May of 2021.
Inflation Rate in Switzerland is expected to be 0.20 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 0.30 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.