Switzerland Inflation November 2019


Switzerland: Consumer prices dip again in annual terms in November

December 3, 2019

Consumer prices fell by 0.1% in November, following a 0.2% dip in October. Lower prices for food and non-alcoholic beverages; transport; and international holiday packages drove the decline. However, higher prices for housing and energy; and household goods and services partially offset the headline drop.

Consumer prices fell 0.1% year-on-year in November, after sliding 0.3% in October. Meanwhile, annual average inflation ticked down to 0.4% from 0.5% in October. Inflationary pressures should reappear gradually in the months ahead, although weak economic momentum and any strengthening of the franc will keep inflation muted.

Against this backdrop, panelists polled by FocusEconomics expect inflation to average 0.6% in 2020, which is down 0.1 percentage points from last month’s forecast, and 0.9% in 2021.

Author:, Economist

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Switzerland Inflation Chart

Switzerland Inflation November 2019

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

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