The annual inflation rate in Switzerland stood at 3 percent year-on-year in November 2022, unchanged from the previous month's five month low, and in line with market expectations of 3 percent. Cost slowed for transport (6.4% vs 6.7% in October), housing & energy (4.3% vs 4.5%) and restaurants & hotels (1.5% vs 1.6%). At the same time, prices declined for both health (-0.4% vs -0.3%) and communication (-2.7% vs -3.1%), while inflation was unchanged for education (at 0.3%). Meantime, prices rose for food & non-alcoholic beverages (4.4 % vs 4.2%), household maintenance (5.8% vs 5.2%) and recreation & culture (2% vs 1.7%). On a monthly basis, consumer prices were flat reading in November, after increasing by 0.1 percent in October. source: Swiss Federal Statistical Office
Inflation Rate in Switzerland averaged 2.30 percent from 1956 until 2022, 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 December of 2022.
Inflation Rate in Switzerland is expected to be 3.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Switzerland Inflation Rate is projected to trend around 2.00 percent in 2023 and 1.70 percent in 2024, according to our econometric models.