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.