Switzerland Inflation December 2019

Switzerland

Switzerland: Inflation returns in December but remains meek

January 7, 2020

Consumer prices were unchanged in month-on-month terms in December, following November’s 0.1% dip, with lower prices for clothing and footwear offsetting higher communications prices.

Consumer prices rose 0.2% in annual terms in December, coming after consecutive annual price falls in October and November, while core inflation clocked 0.4%. In 2020, inflation is seen averaging slightly higher than its current level, propped up by some currency weakening, but will remain extremely low nonetheless—likely leading the Central Bank to retain its highly expansive monetary policy.

Panelists polled by FocusEconomics expect inflation to average 0.4% in 2020, which is down 0.2 percentage points from last month’s forecast, and 0.7% in 2021.


Author:, Economist

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Switzerland Inflation Chart


Switzerland Inflation December 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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