Switzerland Inflation October 2021

Switzerland

Switzerland: Inflation comes in at highest level since August 2018 in October

November 2, 2021

Consumer prices rose 0.30% in October over the previous month, accelerating from September's 0.02% rise. October's result was the highest reading since March. The increase was primarily due to rising prices for housing and energy. In addition, price pressures for transportation grew at a faster rate.

Inflation came in at 1.2% in October, up from September’s 0.9%. October's figure marked the highest inflation rate since August 2018, but was still muted by the standards of neighboring economies. Annual average inflation rose to 0.2% in October (September: 0.1%).

FocusEconomics Consensus Forecast panelists expect consumer prices to rise 0.7% on average in 2022, which is up 0.1 percentage points from the previous month. For 2023, panelists pencil in average inflation of 0.7%.


Author:, Economist

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Switzerland Inflation Chart


Switzerland Inflation October 2021

Note: Month-on-month changes and annual variation of consumer price index (CPI) in %.
Source: Swiss Federal Statistics Office (BFS).


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