Inflation in Switzerland

Switzerland Inflation | Economic News & Forecasts

Switzerland - Inflation

Inflation comes in at highest level since August 2018 in October

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%.

Switzerland - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)-1.1  -0.4  0.5  0.9  0.4  

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Switzerland Inflation Chart

Switzerland Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Swiss Federal Statistics Office (BFS) and FocusEconomics calculations.

Switzerland Facts

Value Change Date
Bond Yield-0.516.27 %Jan 01
Exchange Rate0.97-0.54 %Jan 01

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