Switzerland Inflation October 2019


Switzerland: Consumer prices fall on an annual basis in October

November 1, 2019

Consumer prices fell by 0.2% in October, following a 0.1% dip in September. Lower prices for international holiday packages, hotel accommodation and certain food items caused the decline.

Consumer prices fell 0.3% over the same month a year prior in October, after rising 0.1% in September. Deflationary pressures were chiefly the result of lower import costs amid a strong franc. Meanwhile, annual average inflation ticked down to 0.5% from 0.6% in September.

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 October 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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