Switzerland Inflation December 2017

Switzerland

Switzerland: Inflation stable at 0.8% in December

January 8, 2018

Consumer prices were unchanged in December from a month earlier, contrasting November’s 0.1% decline. December’s reading was largely the result of higher prices for air transport and hotel accommodations offsetting lower prices for package holidays abroad and imported wines.

Inflation was stable from November at 0.8%. Moreover, annual average inflation rounded out the year at 0.5%, unchanged from November and once again its highest level in more than six years. Driving inflation over the course of last year were higher rents and rising fuel prices.

Panelists polled by FocusEconomics expect inflation to average 0.7% in 2018, which is unchanged from last month’s forecast. For 2019, panelists expect inflation to average 0.9%.


Author:, Economist

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Switzerland Inflation Chart


Switzerland Inflation December 2017

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


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